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Tag Archives: Tabcorp

Australia – Tabcorp awarded with exclusive Victorian Wagering and Betting Licence

Tabcorp Holdings has been awarded the new and exclusive Victorian Wagering and Betting Licence (New Licence) by the Victorian Government for a period of 20 years commencing August 2024. The modernised licence terms aim to create a level playing field in Victoria for taxes and fees andenhancing Tabcorp’s ongoing competitiveness with no racing industry joint…

Australia – Tabcorp pens long-term deal with 1/ST CONTENT for racing content

1/ST CONTENT has broadened its footprint after penning an operator partnership with Tabcorp, Australia’s largest wagering and entertainment company. The deal is a multi-year agreement pertaining to tote betting into local pools as well as fixed-odds wagering on 1/ST CONTENT’S premier portfolio of racecourses. The agreement will enable greater coverage of North American horse racing…

Australia – Tabcorp fined $1m for not complying with VGCCC directions

The Victorian Gambling and Casino Control Commission (VGCCC) has fined Tabcorp Wagering $1m for not complying with two Commission directions issued during its investigation of Tabcorp’s major system outage in the 2020 Spring Racing Carnival.   The scale of the fine, the largest ever imposed by the Commission on Tabcorp, reflects Tabcorp’s repeated failure to comply…

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…