Tag Archives: TAB

Tabcorp’s market leadership position in Australia remains steady as the company reported a small increase in revenue in the second half of 2022, softening the blow of retail closures during the first six months of the year. Issuing an update to its ASX investors covering H123 (30 June-31 December 2022), the betting, gaming and media group reported a 10.6% increase …

Tabcorp has extended the reach of its flagship TAB sports betting brand, securing a partnership with the North Queensland Cowboys rugby league team. Part of the top-flight National Rugby League (NRL), the Cowboys have named sports and racing betting operator TAB as a platinum partner under the multi-year agreement. As a result, the TAB logo will be featured on the …

Tabcorp Holdings has announced Accenture Song and Ogilvy Australia as the winners of its creative agency pitch tasked with “reimaging and transforming the brand of the TAB”. The agencies will replace incumbent M&C Saatchi as creative lead, who has led Tabcorp’s account since 2019. The ASX wagering group seeks a change in creative direction to reflect its ongoing ‘digital transformation’, …

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 …

Tabcorp (TAB) has secured its position as naming rights sponsor of Australian Turf Club’s (ATC) Everest Race Day, in an extended three-year partnership. Described as Australia’s richest race day, the competition will be renamed to the TAB Everest Race Day, whilst the firm also remains the ATC’s official wagering partner for the next three years. The gambling firm’s CEO, Adam …

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 …

Entain Australia is developing a media arm, as reported by The Sydney Morning Herald, which will manage a suite of online television channels. The newspaper reported today that Entain has created four online horse and greyhound racing channels and is producing both written and video content – the latter in the form of documentaries.  One of the documentaries will focus …

Greyhound Racing Victoria (GRV) has signed a partnership with Tabcorp’s Sky Racing, granting the outlet broadcasting rights for the next four years.  The greyhound racing authority for the Australian state of Victoria aims to enhance the profile of the sport, whilst also developing additional content across the Sky Racing network.  Additionally, both Tabcorp and the GRV have outlined a joint …

Adam Rytenskild, the new Chief Executive of a transformed Tabcorp Holdings, has outlined his determination to revitalise the heritage operator’s online sportsbook performance. Speaking to the Australian Financial Review (AFR.com), Rytenskild admitted that the ASX group’s flagship TAB sportsbook property had fallen behind the ‘nimble competitors’ of Sportsbet AU (Flutter Entertainment) and Ladbrokes Australia (Entain Plc).    Rytenskild stated that …

Publishing its 2022/2023 state budget, the Treasury of New South Wales (NSW) has confirmed a 5% increase in the Point of Consumption Tax (POCT) related to wagering services.  As of July 2022, NSW will demand that all state-licensed bookmakers pay a POCT rate of 15% applied to all sports betting wagers (online and land-based). NSW introduced a 10% POCT wagering …