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Industry
November 13, 2024
Illegal In-Play Bets Result in AU$263K Fine for Tabcorp
The existing gambling regulations do not permit in-play betting in Australia. Such bets are not accepted and thus illegal under the country’s 2001 Gambling Act. However, a major gambling operator was recently found to have breached those rules, after accepting hundreds of in-play wagers on tennis events for several months in 2023. Technical Bug Results […]
Sports
September 20, 2024
Tabcorp Announces Chairman Akhurst’s Departure Amid Financial Struggles
Tabcorp Holdings has made it known that Bruce Akhurst, its chairman, will leave his position after the company’s Annual General Meeting in October 2024. Akhurst has been the chairman since Tabcorp split from The Lottery Corporation in 2021. Tabcorp Reports Huge Net Loss and 57% Drop in Stock Price Akhurst’s exit comes after a tough […]
Industry
June 24, 2024
ARC, RMG, Tabcorp, and 1/ST CONTENT Announce Strategic Partnership
Arena Racing Company (ARC), Racecourse Media Group (RMG), Tabcorp, and 1/ST CONTENT have announced a groundbreaking strategic alliance that unites four leading content providers focused on the horse and greyhound racing industry. This partnership aims to create a global network of rights holders to distribute racing content across multiple international markets. All Four Members Boast […]
Business
June 17, 2024
Tabcorp Selects Former AFL Exec McLachlan for CEO and MD Role
The largest gambling company in Australia that currently has more than 5,000 employees, Tabcorp, announced a new senior-level hire. On Monday, the gambling giant revealed it selected Gillon McLachlan, the former Australian Football League (AFL) executive, for the role of CEO and managing director. An ASX announcement released by Tabcorp reveals that McLachlan will officially […]
Industry
June 13, 2024
Tabcorp Fined With AU$270,000 for Underage Gambling in 13 Venues
At the end of May, we announced that the Victorian Gambling and Casino Control Commission (VGCCC) filed a series of charges connected to child gambling against Tabcorp. Fast forward to today, Australia’s largest gambling company with a staff of over 5,000 has been slapped with a fine of over AU$370,000 ($246,000) including costs after […]
Industry
May 30, 2024
Tabcorp in Court for Failing to Prevent Autistic Child from Gambling
Gambling affects a large part of the population in Australia. The activity is identified as a serious public health issue which is a prime reason for the recent overhaul of the gambling sector across the country. But while gambling can affect adults, it is also popular among children. Amid cases of children gambling, in January […]
Sports
April 1, 2024
Self-Regulation of Gambling Ads Falters during AFL Game
In Australia, gambling is identified as a public health issue. The country is known to have the highest losses per capita out of any other in the world, but it is not only pokies that result in losses in millions every month. Sports betting is just as popular and continues to attract many young sports […]
Business
March 14, 2024
Tabcorp Confirms Immediate Resignation of MD and CEO Rytenskild
Earlier this week, Adam Rytenskild, the CEO and managing director (MD) of Tabcorp Holdings Limited (Tabcorp), the largest gambling company in Australia, participated in the Regulating the Game conference in Sydney. At the time, the executive spoke against ineffective regulations that are impacting the gambling industry in the country. In an unexpected turn of events, […]
Industry
March 13, 2024
Tabcorp CEO Speaks Out against Ineffective Australian Regulations
Adam Rytenskild, managing director and CEO of Tabcorp, issued a stark warning during his Keynote Address at the Regulating the Game conference in Sydney this week. Rytenskild cautioned that ineffective regulatory intervention could see Australia suffer an influx of gaming brands, exploiting consumers without proper oversight. The Tabcorp CEO has been very vocal regarding his […]
Business
February 22, 2024
Tabcorp Gains Market Share despite Dip in Revenue for 1H24
Tabcorp, the leading Australian betting giant, released its latest trading update, uncovering insights regarding its performance for the six months ended December 31, 2023. The period, recognized by the company as 1H24, indicated a decrease in revenue and group EBITDA, but highlighted an improving market share trend, pointing to expected strong growth in the near […]
