Tag Archives: tabcorp

Australian betting operator Tabcorp has completed its AUS $105 million (£58 millon) acquisition of racetrack betting operator ACTTAB from the Canberra Government (ACT Government). Tabcorp senior management disclosed that it had been granted permission by the Australian Competition & Consumer Commission (ACCC) to proceed with the acquisition of ACTTAB. The purchase of ACTTAB will see Tabcorp gain a 50 year …

Australian gaming and sports betting operator Tabcorp, posted a net profit of AUS $ 129.9 million, up 2.6% on 2013 corresponding period. Tabcorp financial performance suffered  from its discontinued Victoria gaming operations, which impacted  business revenues with $19.2 million tax levies.  Tabcorp senior management are in the process of challenging the levies imposed and claiming revenues back. The Australian gambling …

Australian wagering operator Tabcorp has reached an agreement with the Australian Capital Territory Government to acquire ACTTAB for AUS$105.5 million (£58.4m). ACTTAB is a territory-owned provider of totalisator and fixed odds wagering, Keno and Trackside products. The business offers its services and products through a distribution network comprised of 53 retail outlets located throughout Canberra, as well as telephone and …

Melbourne newspaper The Age reports that the AFL will consider a new gambling partnership, once their existing Tabcorp deal expires. It’s believed that BetEasy or William Hill Australia could be lined up to replace the wagering and gaming giant, whose brands include the likes of TAB in NSW and Victoria. However, Chief Operating Officer Craig Nugent believes the firm is in a strong position to extend the contract beyond 2015, with rumours …

Whilst Australia may have bowed out in the group stage of the World Cup, they far exceeded expectations with results which included a narrow 3-2 loss against eventual third place finishers the Netherlands. Back home Australian football fans did their bit by exceeding bookmakers’ expectations in terms of the collective amount they placed in bets. Throughout the month long competiton …

Australian gaming group Tatts is set to be awarded more than $451m (£249.6m) in compensation, arising from the expiry of its gaming operator’s licence in August 2012. The Supreme Court of Victoria has found the State of Victoria liable, with an announcement regarding interest and costs expected in the coming days. A statement on the company’s website said: “Tatts welcomes the decision, which upholds an agreement …

The sale of Australian government owned bookmaker ACTTAB, has been labelled a ‘sham process’ by corporate gambling operators who expressed interest in acquiring the retail bookmaker. ACTTAB’s sale has hit the headlines in Australia, as its appears that private bidders have been shut out of the sale to purchase the state owned operators assets. The government is looking to sell …