Tag Archives: Bruce Akhurst

Tabcorp Holdings has announced that Gillon McLachlan will become CEO and Managing Director of the ASX wagering group from 5 August. The decision sees the Tabcorp board complete its executive search, following the departure of Adam Rytenskild, who resigned in March due to inappropriate comments made about a female executive. A figurehead of Australian sports, McLachlan is the long-serving Chief …

Tabcorp Holdings has informed markets that Adam Rytenskild has resigned with immediate effect as CEO of the ASX-listed wagering and racing media group. Investors were informed this morning of the immediate departure of Rytenskild who faces “allegations of using ‘inappropriate and offensive’ language in the workplace.” Tabcorp said its board considered the language used by the CEO to be inconsistent …

Tabcorp’s C-level leadership have broadly endorsed ongoing Australian gambling reforms, in particular the creation of a ‘level playing field’ across the market and tightening restrictions around advertising. Bruce Akhurst, Tabcorp Chairman, and Adam Rytenskild, the ASX firm’s Managing Director and CEO, commented on political developments at the company’s recent AGM, whilst also offering insights into the outcomes of its extensive …

Tabcorp Holdings has published its FY22 sustainability report, covering its ESG activities during 2022, including a period before its demerger with The Lottery Corporation. Back in May, Tabcorp completed a demerger of its lottery and keno business, which saw the development of The Lottery Corporation, as the group places a continued focus on gaming and sports betting products. However, the measurements …

The board of Tabcorp has grand ambitions for the company going into 2023, according to the group’s leading board members at its latest AGM. In a statement to investors, Bruce Akhurst (Chairman) and Adam Rytenskild (Managing Director and CEO) asserted that the Australian media firm was ‘raising the game’ following 2022.  This included an update on FY23 trading – covering …

Successfully completing the demerger of its Lotteries and Keno business from the Wagering and Media unit, Tabcorp has provided an update on wider commercial success throughout the 2021/22 financial year (FY22). In its financial statement to the ASX, Australia’s largest betting and gaming enterprise reported revenues from both divisions separately, listing Lotteries and Keno as ‘discontinued operations’. Income for Wagering …

Tabcorp has detailed a successful end to 2021 trading as the ASX betting group completes the demerger of its lottery and keno business. Updating its investors, Tabcorp group revenues increased by 8.8% to AUS $5.6m (2020: $870m), whilst EBITDA also rose by 11.3% to AUS $1.1m ($985,230). A unit breakdown saw the Wagering & Media unit, consisting of the firm’s …

Australian gambling stands on the verge of a market transformation, as shareholders of ASX gambling group Tabcorp Holdings have unanimously approved splitting the business.  This morning, Tabcorp’s board disclosed that 99% of shareholders had approved for the demerger of ‘The Lottery Corporation Limited’ – the unit that operates the Tatts Lotto and Keno business across Australia’s six states. The demerger …

Tabcorp Holdings will proceed with its intentions to demerge its Lotteries & Keno and Wagering & Gaming units with the objective of ‘creating two market leading companies’, following the completion of its ‘comprehensive strategic review’. Approved by company Chairman Steven Gregg and the company’s new board of directors, Tabcorp believes that the unit divestments will deliver Tabcorp investors their long-awaited …

Australian ASX-listed gambling operator Tabcorp Holdings has moved to strengthen its governance advisory by appointing Bruce Akhurst and Vickki McFadden as Non-Executive Directors. Tabcorp adds to its advisory board Bruce Akhurst, a veteran Australian technology and management expert who currently serves as Executive Chairman of advertising services firm AdStream. Vickki McFadden will further assist Tabcorp governance on strategic investments, banking and …