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 …
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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 …
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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 …
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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 …
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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, …
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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 …
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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 …
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Tabcorp Holdings has moved to strengthen its racing pari-mutuel provisions, launching the ‘merged pool’ betting services of racing technology developer Longitude, a wholly owned subsidiary of Nasdaq. Led by an executive team of technology and racing veterans, Longitude seeks to disrupt traditional tote betting systems, offering racing customer broader market selections with deeper engagement. In its partnership with leading Australian …
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Australia ASX-listed gambling group Tabcorp Holdings Plc, has upgraded its corporate integration and synergy targets, as governance aims to display the firm’s enlarged capacity across all product verticals and services. Publishing its interim 2018/19 results (period ending 31 December 2018), a significantly enlarged Tabcorp records group revenues of AUS $2.7 billion, primarily attributed to incorporating Tatts Group keno and lottery …
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Australian gaming operator Tabcorp has confirmed a major two-year sponsorship deal with the Brisbane Racing Club and hopes to broker several more deals with Racing Queensland. Racing Queensland’s chief executive Brendan Parnell noted that this deal would be the first in the state’s racing industry, and expects many more deals to follow. He commented: “RQ is thrilled to see Tabcorp …
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