Tag Archives: Tabcorp
Australia – Tabcorp charged with allowing a minor to gamble in Victoria
The Victorian Gambling and Casino Control Commission (VGCCC) charged Tabcorp and the Preston Hotel for allowing a minor to gamble as investigations continue into other venues. It’s alleged that venue staff allowed a 16-year-old to access electronic betting terminals to place bets at the Preston Hotel and gamble on six occasions in May and September…
Australia – Tabcorp’s first quarter up by 18.7 per cent
Tabcorp, the Australian racing and betting company, saw revenue increase by 18.7 per cent for the first three months of the 2023 financial year to 30 September 2022. Betting revenue was up 14.2 per cent and digital revenue market share was 24.7 per cent, up from 23.9 per cent in the fourth quarter of FY22…
Tasmania – Tabcorp to monitor Tasmanian gaming machines
Tabcorp company, MAX, has been granted a 20-year licence to monitor all electronic gaming machines in Tasmanian Pubs and Clubs from July 2023. The Tasmanian Government today confirmed MAX had been the successful tenderer for the contract. The agreement adds to more than 115,000 electronic gaming machines which are currently monitored by MAX across Australia….
Australia – Tabcorp welcomes changes to NSW betting tax structure
Tabcorp Holdings Limited (Tabcorp) has welcomed the NSW wagering tax changes announced in the NSW Government’s 2022/23 State Budget, as a further positive step toward industry reform. The NSW Government today announced reforms to NSW wagering taxes from 1 July 2022, including an increase in the Point of Consumption Tax (POCT) rate payable by wagering…
Australia – Tabcorp shares plummet 81 per cent as demerged Lottery Corp. floats to success
Australian betting operator Tabcorp saw its shares slump by 81 per cent to AU$1.01, following the demerger of its lotteries business, Lottery Corp, which became an AU$10bn as it floated on the Australian Stock Exchange. Motley Fool Analyst James Mickleboro said: “Based on the current Lottery Corporation share price, it has a market capitalisation of approximately…
Australia – Tabcorp reports an eight per cent year-on-year increase
Australian betting giant Tabcorp saw an eight per cent increase in its annual revenues, taking it to $5.68bn as it ‘managed the ongoing disruption’ and prepared for a demerger of its lotteries and keno business which is ‘expected to realise significant value.’ The Lotteries and Keno business generated $3.20bn, marking a 10 per cent increase…
Australia – TabCorp to launch demerger of its Lotteries and Keno business
Tabcorp Holdings Limited (Tabcorp) has announced that it intends to undertake a demerger of its Lotteries & Keno business, following the conclusion of a comprehensive strategic review of all relevant structural and ownership options to maximise value for shareholders. The demerger will create two standalone, market leading ASX-listed companies with distinct operating profiles, strategies and…
Australia – BetMakers joins list of companies to make bids for Tabcorp
The list of suitors to buy Tabcorp’s racing and wagering arm continues to grow with Australian betting company BetMakers Technology, throwing its name into the hat with a AU$4bn offer which if accepted would see Tabcorp receive AU$1bn in cash sourced through debt financing and another AU$3bn worth of newly issued BetMakers shares. The number…
Australia – Apollo Global Management makes it bid for Tabcorp
US investment manager Apollo Global Management has now outbid British betting company Entain in the race to buy Australian betting giant Tabcorp. Apollo has put forward two bids one for AU$4bn to take both the Wagering & Media business and the Gaming Services business and one for AU$3.5bn just for the Wagering & Media business…
