Oceania

Tabcorp shareholders dispute executive merger rewards

The governance of Australia ASX-listed Tabcorp Holdings has been served a bloody nose, as a significant number of its investors have rejected the firm’s executive remuneration report. This Wednesday, 40% of Tabcorp investors voted against 2017/18 executive packages. Australian business news sources report that investors had been incensed by the company attaching executive performance rewards (bonuses) to Tabcorp’s AUS $11 …

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Aristocrat confirms departure of Dr Ian Blackburne as corporate chairman

The governance of Australia ASX-listed Aristocrat Leisure has this morning disclosed that Dr Ian Blackburne will step down as corporate Chairman, at the firm’s upcoming ‘Annual General Meeting’ scheduled for 21 February 2019. Filing an ASX update, Aristocrat governance details that it will move to appoint Non-Executive Director Neil Chatfield as new company Chairman succeeding Dr Blackburne in 2019. The …

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Tabcorp continues Racing ATA legacy sponsorship

Australian gambling operator Tabcorp will continue its legacy sponsorship of the Australian Trainers Association (ATA) for a further 12-months. Updating the media, Tabcorp marketing detailed that it would continue to act as the ATA’s ‘official wagering partner’, a position it has maintained since 2014. Renewing sponsorship terms for a further 12-months, the ATA detailed that it would work with Tabcorp …

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OtherLevels lauds “great opportunity” ahead of #BOSWEEK

In-play has enjoyed a tremendous surge in popularity since introduction, and now encapsulates such a huge chunk of many revenue streams. As in-play grows, however, so does the need for personalised, relevant real-time player engagement, which can be so instrumental with regards to those all important retention figures. This is one such area OtherLevels are to address as part of …

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New look Tabcorp refreshes Executive Management team

Australia ASX-listed Tabcorp Holdings has undertaken a series of ‘Executive General Management’ appointments seeking to strengthen its leadership team, following the firm’s merger enlargement with main market rival Tatts Group plc. Last week Tabcorp governance confirmed the appointment of Luke Waldren from online competitor  Sportsbet.com.au (Paddy Power Betfair) as new Executive General Manager of Group Marketing. The ASX enterprise details …

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Messara report outlines tough remedies for New Zealand Racing

A New Zealand government-sanctioned report undertaken by Oceania racing expert John Messara has delivered a ‘blunt appraisal’ of the nation’s horseracing industry and standards Presenting findings to NZ Racing Minister Winston Peters, Messara the current Chairman of Racing New South Wales (Australia) concludes that ‘New Zealand’s racing industry is in a state of serious malaise, and requires urgent reform.’ Furthermore, …

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Australian bookmakers show ‘no harmony’ in developing a new responsibility framework

Industry rifts appear to be hampering the progress of Australia developing a national self-exclusion policy for betting consumers. This weekend, The Sydney Morning Herald (SMH) reported that Ladbrokes Australia had split with industry standards association Responsible Wagering Australia (RWA) on the co-development of a new national responsibility framework. Working with online bookmakers, RWA seeks to develop stronger reforms which will …

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Tabcorp parts company with under investigation Elmer Funke Kupper

Business news source, ‘The Australian’ reports that Elmer Funke Kupper will no longer serve as a Tabcorp Holdings’ Director, detailing that the executive will depart the company in October. Funke Kupper was the former Managing Director & Chief Executive of Tabcorp Holdings from 2007-2011. In 2011, Funke Kupper left the Australian gambling group to take up leadership of the Australian Securities …

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Tabcorp outlines ‘new enlarged capacity’ despite Sun Bets setback

Publishing its 2017/18 (period ending 30 June) annual results, a new look Tabcorp Holdings demonstrates its enlarged capacity, recovering from its 2016/17 woes. The ASX-listed gambling group points towards a new direction as it incorporates the lottery and betting assets of Tatts Group, forming Australia’s biggest gambling enterprise (deal concluded December 2017). A significantly enlarged Tabcorp records 2017/18 group revenues …

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Sportcast powers multi betting boost for Ladbrokes Australia

Sportcast - Copyright: wavebreakmediamicro / 123RF Stock Photo

Technology from Sportcast has helped Ladbrokes Australia to launch the industry’s first limitation free accumulator betting product. The operator’s Multiverse platform enables punters to combine any selection, including Same Game Multis powered by Sportcast and singles bets from any sport or racing event, within the same accumulator. After adding selections, punters can switch on or off any combinations of singles …

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