The governance of Tabcorp Holdings remains positive that it will conclude its planned AUS $11 billion merger with Tatts Group despite this week’s set-back following the Australian Federal Court’s ruling to ‘refer back’ the deal’s review by the Australian Competition Tribunal (ACT). The Tabcorp-Tatts merger hit a further hurdle on Wednesday, as the Federal Court sided with former deal supervising …
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Tabcorp-Tatts merger nears conclusion as Tatts sets up October Shareholder Vote
Updating the market, the governance of Australia ASX-listed Tabcorp Holdings Plc has provided a corporate update on its AUS $11 billion merger with Tatts Group, which will create the ‘outright Australian gambling market leader’. The Supreme Court of Victoria has ordered for a meeting of Tatts shareholders on Wednesday 18 October to vote on the proposed Tabcorp-Tatts combination. In preparation …
Read More »Tabcorp Venues gain Premier League content with Optus broadcast partnership
Australian telecoms and media firm Optus has formed an agreement with Tabcorp Holdings to broadcast English Premier League matches across the operator’s land-based retail network. The agreement sees Optus open up its exclusive Premier League content, making it available to the general public across 4,500 syndicated Tabcorp venues. Moving forward, Optus Sports Premier League content will be installed at Tabcorp …
Read More »Tabcorp ‘resets’ Sun Bets after slow start
Redundancies are on the cards at Sun Bets, the online bookmaker run by Australian operator Tabcorp Holdings and with UK national newspaper The Sun, as the business gets ‘reset’ after a disappointing start. Tabcorp has confirmed that the company is in discussion with a number of its employees as it looks to close its customer contact centre and bring all …
Read More »Tabcorp details Sun Bets as its biggest international initiative
Australian gambling giant Tabcorp Holdings has labelled Sun Bets, its strategic joint-venture with News UK, as the biggest international commercial initiative undertaken in the firm’s history. Officially launched last August, the Sun Bets brand aims to compete against UK legacy operators within the ultra-saturated UK online betting sector, a marketplace estimated to be three times the size of Tabcorp’s Australian …
Read More »TAB combines retail and mobile betting with Check and Collect
TAB has combined the best of retail and mobile betting with ‘Check and Collect’, a product which makes it easier for Australian punters to enjoy their betting experience. The new product combines TAB’s strong retail presence with technology which allows customers to check their betting ticket and vouchers by using bar-code technology via the TAB app. If a customer scans …
Read More »Tabcorp found guilty of illegal new accounts promotion
Australian gambling operator Tabcorp has been found guilty of illegally luring punters to open new accounts via a promotion published both online and in the newspaper. The promotion, published in August 2015, offered bonus bets and other rewards as inducements. The company was brought to court because it is illegal for bookies to publish ads tempting NSW residents with inducements …
Read More »Legal & expansion costs see Tabcorp post 49% 2016 profits decline
Footing a legal bill of AUS $20 million (£11.5 million) Australian ASX-listed gambling operator Tabcorp Holdings (Tabcorp) has witnessed its full-year 2016 net profits decline 49% to AUS $169 million (FY 2015: AUS $334 million). Presenting its FY 2016 results (financial period ending 30 June), Tabcorp governance stated that 2016 business conditions had been ‘Volatile.’ The gambling operator would report …
Read More »Tabcorp strengthens Board advisory with Bruce Akhurst & Vickki McFadden appointments
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 …
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