Tag Archives: tabcorp

The government of Western Australia has axed plans to sell WA TAB betting offices following rejection of sales terms by all suitable parties. This week, WA Premier Mark McGowan issued a statement to local media, confirming that his administration would no longer proceed with its planned sale of WA TAB. McGowan outlined that the WA government had failed to secure …

The board of Tabcorp has grand ambitions for the company going into 2023, according to the group’s leading board members at its latest AGM. In a statement to investors, Bruce Akhurst (Chairman) and Adam Rytenskild (Managing Director and CEO) asserted that the Australian media firm was ‘raising the game’ following 2022.  This included an update on FY23 trading – covering …

Australian media reports that Betr, the new sportsbook venture of Matthew Tripp, has pulled out of its ‘leading bid’ to take over management of the Western Australia TAB (WA TAB).  This October, the WA Gaming and Wagering Commission surprised industry observers by naming Betr, a yet-to-be-launched sportsbook, as the frontrunner to win its WA TAB contract. The decision was branded …

Tabcorp (TAB) has secured its position as naming rights sponsor of Australian Turf Club’s (ATC) Everest Race Day, in an extended three-year partnership. Described as Australia’s richest race day, the competition will be renamed to the TAB Everest Race Day, whilst the firm also remains the ATC’s official wagering partner for the next three years. The gambling firm’s CEO, Adam …

Tabcorp has committed to invest AUS $33m (€21m) in Dabble Sports, an Australian start-up which aims to develop sports betting’s most socially responsive wagering platform.    The investment will see Tabcorp secure a “20% equity interest” in Dabble’s commercial development, with the ASX group allowed to appoint a director to the start-ups board. Founded in 2020 by Tom Rundle (CEO) and …

Entain has secured an advertising and sponsorship partnership between its Australia-facing brand and the New South Wales hotel network.  Signed between Entain Australia and the Australian Hotels Association New South Wales (AHA NSW), the deal enables the FTSE100 international gambling group to promote the Ladbrokes and Neds digital betting brands in hotels and pubs. This is not the first agreement …

Successfully completing the demerger of its Lotteries and Keno business from the Wagering and Media unit, Tabcorp has provided an update on wider commercial success throughout the 2021/22 financial year (FY22). In its financial statement to the ASX, Australia’s largest betting and gaming enterprise reported revenues from both divisions separately, listing Lotteries and Keno as ‘discontinued operations’. Income for Wagering …

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 …