Tag Archives: tabcorp

Unfavourable sporting results have impacted Australian gambling operator Tabcorp’s nine-month corporate update (period ending 31 March). Issuing a market release, Tabcorp governance detailed that the company had seen revenue growth in all its core divisions; ‘Wagering & Media’ ‘Gaming Services’ and ‘Keno’, with the operator posting a 1% increase in revenues to AUS $1.4 billion. Higher customer engagement had seen Tabcorp …

In a poignant blog post about skin betting on Unikrn published yesterday, co-founder and CEO, Rahul Sood, has highlighted what’s wrong in esports betting, especially in regards to underage gambling and top Twitch streamers who are wagering in-game virtual items that have real monetary value. According to Eilers Research skin betting is close to $5bn (£3.4bn) in terms of money wagered in 2016. …

It has been reported that Australian betting company Tabcorp is scheduled to launch Sun Bets, in partnership with Rupert Murdoch’s News UK, within the next six months. Chief Executive at Tabcorp, David Attenborough, had this to say: “It is a natural step for us. We have worked with News Ltd. closely in Australia and built up a high degree of trust. They have one …

Australian news sources have reported that Racing & Gaming Minister Colin Holt is seeking to privatise the Western Australia TAB network (WA TAB), which represents the country’s last state-owned betting agency. Holt is reported to be seeking a AUS $1 billion sale for the state asset, with the Racing Representative Group set to present its auction plans to WA regulators. …

Australian gambling operator Tabcorp has confirmed that it will make an upfront payment of AUS $25 million (£12.2 million) to the New South Wales (NSW) government for its extension of Keno gaming services. The NSW licence, will see Tabcorp extend it Keno provisions services until 2050. The operator is expected to pay an additional Aus $3 million in yearly licence …

Germany’s totalisator is the latest to join Tabcorp’s multi-billion dollar wagering pools, following an agreement completed between Tabcorp and German Tote. German Tote is majority-owned by French wagering operator Pari Mutuel Urbain (PMU), while German racetracks (BGG Betriebsgesellschaft der Galopp-Rennvereine mbH) also have a minority stake. The deal will involve the German Tote taking all Australian thoroughbred and harness racing and co-mingling their …

The Sydney Morning Herald (smh.com.au) has reported that Tabcorp governance rejected a joint venture approach by Ladbrokes Plc, in a move that would have rocked the Australian betting market. Ladbrokes are reported to have proposed the joint venture in late 2013, with the firm looking to create Australia’s biggest gambling operator. At the time Ladbrokes had launched its Australian betting division …

It has been reported that Tabcorp was banned from taking bets on the UFC 193 event in Melbourne in November by Victoria’s gambling regulator. The ban arrived amid warnings that UFC was vulnerable to money laundering by figures in organised crime and corruption. This became the first time that the Victorian Commission for Gambling and Liquor Regulation had refused an …

Australian bookmaker Tabcorp Holdings has teamed up with News UK, publisher of The Sun newspaper, to launch a new online wagering and gaming business in the UK and Irish markets. The business will be known as Sun Bets and will launch in 2016. The new business will bring together Tabcorp’s capability in global wagering with News UK’s vast customer base …