Tag Archives: Tabcorp Holdings

Tabcorp cancels 2020 dividend as part of new debt arrangement

Tabcorp Holdings has informed investors that the company will sanction no dividend in relation to financial-year 2020 trading. The firm has been forced to terminate the 2020 dividend (fiscal year ending 30 June) as part of its agreed terms with bank lenders, allowing the ASX betting group to waiver approximately AUS $2.2 billion (€1.3bn) of debt covenants until 2021.  Updating …

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Ziggy Switkowski steps down from Tabcorp board

Australia ASX-listed gambling group Tabcorp Holdings has confirmed that non-executive director Dr Ziggy Switkowski would be stepping down from the company’s board, with his retirement effective immediately. Switkowski has held the position of non-executive director since 2006. During his tenure he served on several board committees, including as chairman of the People and Remuneration Committee. Tabcorp Chairman Paula Dwyer stated: …

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Tabcorp names David Gallop as non-executive director

Australian  ASX-listed gambling group Tabcorp Holdings has confirmed the appointment of former-National Rugby League  (NRL) Chief Executive David Gallop to its Board of governance, assuming the position of Non-Executive Director.  Gallop also served as the CEO for Football Federation Australia from 2012 up until his resignation in July. His tenure is due to end on December 31. The appointment, which is yet …

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Australian police close Tabcorp bribery investigation

The Australian Federal Police have decided to close a three-year inquiry into lotteries and betting operator Tabcorp due to the lack of evidence. The investigation, which led to the resignation of Chief Executive of the Australian Securities Exchange (ASX) Elmer Funke Kupper, was looking into bribery charges made against Tabcorp Holdings, relating to a $200,000 payment made to family members …

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Tabcorp appoints Adam Newman as group financial lead

Australia ASX-listed gambling group Tabcorp Holdings continues it’s executive leadership restructure confirming the appointment of Adam Newman as inbound Chief Financial Officer (CFO). Newman is set to join Tabcorp leadership this October, departing from ASX-listed home energy network AusNet Services, where he has formerly led all financial and treasury disciplines as Group CFO (2013-2019). The appointment sees Newman replace long-term …

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Sky Racing World Launches OZ simulcasting for North America

Tabcorp Holdings’ international racing subsidiary Sky Racing World (Sky World) has announced the launch of an Australian racing High Definition (HD) simulcasting channel for the North American marketing. The launch of the channel marks Sky World’s continued focus on the North American market, with its racing content accompanied by a new customised graphics package for North American clients. David Haslett, President and CEO, …

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Tabcorp places ‘revitalising TAB’ at top of its enlarged agenda

Australia ASX-listed gambling group Tabcorp Holdings Plc, has upgraded its corporate integration and synergy targets, as governance aims to display the firm’s enlarged capacity across all product verticals and services. Publishing its interim 2018/19 results (period ending 31 December 2018), a significantly enlarged Tabcorp records group revenues of AUS $2.7 billion, primarily attributed to incorporating Tatts Group keno and lottery …

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Tabcorp promotes AI to tackle problem gambling

Artificial intelligence as a means of tackling problem gambling has been announced by Tabcorp Holdings as one of the ways the group has tried to adopt more socially responsible policies in 2018, as announced in its Corporate Responsibility Review published today. The predictive risk analytics technology was rolled out by the group to analyse the wagering behaviour of individuals, and …

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Tatts details strong lottery momentum ahead of Tabcorp alignment

Australia ASX-listed gambling group Tabcorp Holdings, has published the final trading statement of Tatts Group Limited, as the companies move to combine their operations in 2018. Publishing H1 2018 results (period ending 31 December), Tatts reports a 19% increase in period revenues generated from ordinary activities of AUS $ 1.37  billion. Tatts revenue uplift was primarily driven by its lottery …

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European expansion sees Unikrn hire Andrew Vouris as operations lead

Seattle-based esports betting platform Unikrn has confirmed the appointment of Andrew Vouris as new Chief Operations Officer (COO), as the company prepares for its upcoming ‘2018 European rollout’. A seasoned gambling executive, Vouris joins Unikrn leadership from Australian ASX gambling group Tabcorp Holdings, where he most recently served as Group Deputy COO for the firm’s media and wagering division (2016-2017). …

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