Industry
May 20, 2022
Tabcorp’s Lottery & Keno Demerger Greenlit by Court
At the end of March, Australia’s lottery operator Tabcorp announced its lottery and keno demerger will be subject to a shareholder’s vote. On May 12, its shareholders showed overwhelming support for the proposal, with close to 99% of all votes expressed during the general meeting favoring the demerger, around 0.17% of votes going against it, […]
Industry
May 12, 2022
Tabcorp’s Investors Voted in Favor of the Lottery Demerger
Tabcorp, Australia’s lottery operator, will likely demerge its lottery from its gambling business. Almost all shareholders have approved the move and its fate is now up to the court. Tabcorp’s Investors Approved the Demerger Tabcorp’s plan is to establish its lottery business as a separate company called “The Lottery Corporation.” The investors were overwhelmingly in […]
Business
March 30, 2022
Tabcorp’s Lottery & Keno Demerger Up to Shareholder Vote
Australian gambling business Tabcorp announced the demerger of its Lotteries & Keno business moved one step closer after the Supreme Court of New South Wales ruled for a shareholder vote on the proposed scheme. Court Green-Lighted Demerger The NSW court ruling requires Tabcorp to convene a shareholder meeting and conduct a shareholder vote on a […]
Business
February 23, 2022
Tabcorp and Lottoland Awarded Dual Keno Licenses in Australia
Australian gambling company Tabcorp and Lottoland, the national online lottery operator, have been awarded 20-year licenses by the Victoria State Government to offer keno games in the jurisdiction. Lottoland Australia and Tabcorp may launch keno products starting on April 15 with the expiration date set for April 2042. Retail and Online Keno Products Both Coming […]
Business
February 17, 2022
Tabcorp Lottery and Keno H1 FY2022 Results Drive Share Price up 5%
Australian racing and sports betting firm Tabcorp has seen an increase in its revenue in the first half-year of FY 2022. The surveyed period ended on December 31, 2021, and resulted in revenues of AU$2.93 billion ($2.11 billion) or up 2.2%. The period is noted down as H1 2022 because of the specific way Tabcorp […]
Sports
November 18, 2021
ACMA Warns Tabcorp over Illegal In-Play Wagers in Australia
ACMA, the Australian Communications and Media Authority, is not relenting to clean up the sports betting and gambling space in the country. After targeting offshore lottery websites for the first time earlier this week, ACMA has now issued a formal warning to respected Aussie sports betting company Tabcorp which the regulator claims accepted 37 illegal online in-play bets on […]
Industry
September 10, 2021
Tabcorp Proposes Additional Restrictions for TV Gambling Ads
Leading Australian gambling operator Tabcorp reportedly proposed additional restrictions for TV gambling ads. The proposal calls for restricting gambling and wagering advertising around live sports events between 6:30 AM and 8:30 PM. Tabcorp urged the Government to consider those measures to protect children, as well as the vulnerable population. The Pandemic Pushes More Gamblers Online […]
Business
August 18, 2021
Tabcorp’s 8.8% FY2021 Growth Enough to Reverse Losses
Australian gambling group Tabcorp Holdings released its financial year 2021 report, posting 8.8% growth in year-over-year revenue to return to a profit. Impressive Performance with Restricted Operations Tabcorp Holdings registered AU$5.7 billion ($4.16 billion) in revenue for the full year ended June 30, 2021, an increase from the AU$5.2 billion ($3.80 billion) the group generated […]
Sports
August 16, 2021
Tabcorp Plans Using AI to Boost Sports Wagering Operations
Australia’s leading gambling operator, Tabcorp, is reportedly looking at boosting its sports wagering operations with artificial intelligence. The platform which the company has developed offers high-scale possibilities for predicting outcomes of NFL games and providing sports bettors with more elements to wager on. Tabcorp to Use Artificial Intelligence Last month, Australia’s gambling industry leader Tabcorp […]
Business
July 29, 2021
Sky Racing to Utilize AmTote for North American Greyhound Race Coverage
Sky Racing World, a subsidiary of Tabcorp, has signed a deal with North American 1/ST TECHNOLOGY to utilize its AmTote International platform. Sky Racing World to Integrate AmTote International Platform Sky Racing World, a subsidiary of Tabcorp, has signed a partnership deal with North American 1/ST TECHNOLOGY to enhance its North American presence through the […]