Tag Archives: tabcorp

Tabcorp has been fined AU$ 4.6m (€2.7m) for “several instances of non-compliance” in its wagering business in the state of Victoria. The fine was issued by the Victorian Gambling and Casino Control Commission (VGCCC), which deemed that Tabcorp had “repeatedly breached the Wagering and Betting Licence and Responsible Gambling Code of Conduct between August 2020 and February 2023.” The Commission …

A new collaboration between Tabcorp, Arena Racing Company (ARC), Racecourse Media Group (RMG) and 1/ST CONTENT has been formed. Four of the leading brands in the horse and greyhound racing world, the partners are looking to create a network of rights holders that will distribute content across multiple international markets.  Brendan Parnell, Managing Director of Media and International at ARC, …

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 …

OpenBet is to supply its scalable betting engine and advanced trading system to Australian wagering giant Tabcorp. As the operator pursues growth plans, OpenBet will integrate a series of online and retail products including its fixed-odds betting platform and trading system for its content portfolio, to help amplify the offering for Tabcorp’s flagship brand, TAB. Cathryn Lai, Chief Commercial Officer …

Tabcorp has accrued corporate losses of AU$636m (€385m) as detailed in the interim 2023/2024 accounts of the ASX gambling group. Statutory losses were attributed to Tabcorp booking impairment charges of AU$731m (€440m) during H1 2023/2024 trading for the reporting period up to 31 December 2023. As reported: “Non-cash impairment charges relate to certain assets in New South Wales (NSW) and …

The Victoria Racing Club (VRC), Tabcorp and Nine Entertainment (Nine) have formed a broadcast, media and sponsorship deal for the Melbourne Cup Carnival. The partnership, running from 2024 to 2029, will see the four-day Australian horse racing meeting broadcast on all Tabcorp-operated Sky platforms and the TAB app, with the betting firm having the right to on-sell coverage to other …

In the face of mounting pressure to raise the standards of safer gambling in the country, the Australian federal government has taken on the task to reach higher player protection levels by enforcing new regulations. These regulations are affecting a number of areas of bookmaker operations, including payments and retail betting. Recently, the Victoria Gambling and Casino Control Commission (VGCCC) …

Tabcorp has been ordered by the gambling authority of Victoria to ‘go cashless’ with its electronic betting terminals (EBTs) to prevent underage gambling. Annette Kimmitt, CEO of the Victoria Gambling and Casino Control Commission (VGCCC), highlighted that there is currently a need for stricter protection against underage gambling after multiple reported incidents of minors placing bets without obstruction or the …

Tabcorp and Racecourse Media Group (RMG) have announced a five-year deal to serve fans in Australia and New Zealand.  From 1 January 2024, the gambling company will distribute its Sky Racing channels in the territory for tote (pari-mutuel) wagering for RMG’s British and Irish content, as well as fixed odds wagering for RMG’s British racecourses.  The agreement enables Sky Racing …

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 …