Tag Archives: tabcorp

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 …

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 …

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 …

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 …

Tabcorp has detailed a successful end to 2021 trading as the ASX betting group completes the demerger of its lottery and keno business. Updating its investors, Tabcorp group revenues increased by 8.8% to AUS $5.6m (2020: $870m), whilst EBITDA also rose by 11.3% to AUS $1.1m ($985,230). A unit breakdown saw the Wagering & Media unit, consisting of the firm’s …

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 …

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 …

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 …

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 …

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 …