Tag Archives: tabcorp

Report: Entain Australia targeting status as ‘fully fledged media business’

SBC News Report: Entain Australia targeting status as ‘fully fledged media business’

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 …

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Greyhound Racing Victoria selects Sky Racing to boost wagering profile

SBC News Greyhound Racing Victoria selects Sky Racing to boost wagering profile

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 …

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Tabcorp reserves $150m to accelerate Rytenskild digital makeover

SBC News Tabcorp reserves $150m to accelerate Rytenskild digital makeover

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 …

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NSW levels Australia POCT wagering tax at 15% across all states

SBC News NSW levels Australia POCT wagering tax at 15% across all states

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 …

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Rytenskild & Akhurst take leadership of demerged Tabcorp 

SBC News Rytenskild & Akhurst take leadership of demerged Tabcorp 

Tabcorp Holdings has formally announced its new leadership team and boardroom restructure as the business expects to demerge The Lottery Corporation unit on 1 June 2022.  The transition sees David Attenborough retire as Chief Executive of the ASX gambling firm, who will be replaced by Adam Rytenskild as Group CEO of Tabcorp. Last year, Attenborough postponed his planned resignation, in …

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Tabcorp split signals new era for Australian betting 

SBC News Tabcorp split signals new era for Australian betting 

Australian gambling stands on the verge of a market transformation, as shareholders of ASX gambling group Tabcorp Holdings have unanimously approved splitting the business.  This morning, Tabcorp’s board disclosed that 99% of shareholders had approved for the demerger of ‘The Lottery Corporation Limited’ – the unit that operates the Tatts Lotto and Keno business across Australia’s six states. The demerger …

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Tabcorp secures approval to spin-off Tatts lottery business

SBC News Tabcorp secures approval to spin-off Tatts lottery business

Directors of the Australian lottery, gaming and wagering corporation Tabcorp have ‘unanimously recommended’ that shareholders vote in favour of the proposals to demerge its Tatts lottery and keno operations from its gaming and wagering business. Publishing its ‘Demerger of The Lottery Corporation – Briefing Presentation’, the firm detailed the proposed new business structure which would see Tabcorp separate into two ASX-listed …

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Rugby league clubs join NSW govt initiative against sports betting advertising

SBC News Rugby league clubs join NSW govt initiative against sports betting advertising

Two major Australian National Rugby League (NRL) clubs have joined the New South Wales government’s ‘Reclaim the Game’ initiative, distancing themselves from sports betting. By signing up to Reclaim the Game, the Canterbury-Bankstown Bulldogs and South Sydney Rabbitohs have become the first teams from the NRL – one of the most-watched tournaments in Australia, with a TV audience of 101.9 …

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Victoria state awards 20 year Keno licences to Tabcorp and Lottoland

SBC News Victoria state awards 20 year Keno licences to Tabcorp and Lottoland

Australian betting and gaming operator Tabcorp and Lottland’s regional subsidiary Lottoland Australia have been awarded 20 year licences in Victoria.  Both licences commence on 15 April 2022 and run until 2024, with the two companies permitted to provide Keno games services across online and retail verticals by the Victorian State Government.  ASX-listed gambling group Tabcorp had previously been active in …

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