Tag Archives: tabcorp

Tabcorp enlargement struggles test investor patience

Australia ASX-listed gambling group Tabcorp Holdings Plc has posted an underwhelming corporate performance, publishing its half-year 2019 trading results (six-month period ending 31 December 2019). Despite recording a 4% increase in corporate revenues to AUS 2.9 billion, Tabcorp results detailed a number of concerns for investors as it delivered a further quarter trading performance below market expectations. Tabcorp’s group performance …

Read More »

Tabcorp eyes joining the National Lottery’s hot pursuit

Australia ASX-listed Tabcorp Holdings will renew an ambition to establish its presence within UK gambling, as it prepares to bid for the 2023 National Lottery operating contract. The Daily Telegraph reports that Tabcorp governance has held discussions with investment bank Rothschild, one of four strategic advisors forming the UKGC’s tender evaluation body. A turbulent 2019 saw Tabcorp governance criticized by …

Read More »

Tabcorp appoints ‘finance pro’ Anne Brennan as governance advisor

Issuing a market filing, the governance of Australia ASX-listed gambling group Tabcorp Holdings has confirmed the inbound appointment of Anne Brennan as a corporate non-executive director. Updating investors, Tabcorp governance awaits the necessary regulatory and ministerial approval to confirm Brennan’s appointment, with the executive expected to serve as Tabcorp governance advisor from February of next year. An expert in corporate …

Read More »

Tabcorp eyes unifying Australian Tote systems in 2020

Continuing its corporate transformation programme, the governance of Tabcorp Holdings has confirmed that it plans to launch a ‘single tote pool’ product for Australia. Tabcorp confirmed to The Sydney Morning Herald (SMH) its 2020 ambitions to merge all three separate tote systems into a single totalizer pool, sharing punter liquidity across all Australian states. Marked as a major project for …

Read More »

Tabcorp seeks new CIO as Mandy Ross departs for academic fields

Australia ASX gambling group Tabcorp Holdings has confirmed the departure of c-level executive Mandy Ross, who has chosen to pursue a new career in academia. Ross has served as Tabcorp’s Group Chief Information Officer (CIO) since 2017 and is set to leave the company in April of next year. In its update, Tabcorp informs that Ross has chosen to join Griffith …

Read More »

Tabcorp governance survives investor AGM backlash

Tabcorp Holdings governance has survived a bruising annual general meeting (AGM), in which the firm’s corporate governance and executive leadership were questioned by frustrated investors of the ASX-listed gambling group. AGM voting saw 35% of Tabcorp shareholders oppose the re-election of Paula Dwyer as corporate chairman, extending her tenure for a further two-years. Further investor upheaval saw 37% of Tabcorp …

Read More »

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 …

Read More »

NZ Racing boosts broadcast coverage with Sportsbet partnership

New Zealand’s ‘Racing Industry Transition Agency (RITA)’, the body charged with overseeing the restructuring of NZ racing, has secured a new deal which sees Flutter Entertainment’s Australian market subsidiary Sportsbet launch live streaming of races driving new audience engagements. The partnerships will see Sportsbet host live streams of NZ thoroughbred and harness racing fixtures, with further coverage of greyhound racing events, …

Read More »

Tabcorp shuts down Lottery split rumours

David Attenborough, the Chief Executive of Australia ASX-listed gambling group Tabcorp Holdings has stated that the company holds no intentions in splitting its lucrative lotteries and keno division into a separate entity, dismissing speculation as ‘complete nonsense’. Yesterday, Tabcorp investors were served mixed results as the company published 2018/2019 accounts (12-month period ending 30 June), reporting on the firm’s first …

Read More »

Tabcorp defends ‘POC position’ against Racing Queensland

Australia ASX-listed gambling group Tabcorp Holdings faces a legal dispute with Racing Queensland related to Australian betting’s new point-of-consumption (POC) tax charge. Unable to reach an agreement on POC ‘additional payments’, the governance of Racing Queensland has moved to file a Supreme Court challenge against Tabcorp subsidiary UBET Queensland. Implementing its state budget mandate, in October 2018 the Queensland government …

Read More »