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The Latest in tabcorp
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 […]
Industry
January 15, 2024
VGCCC Directs Tabcorp to Implement Cashless Betting Terminals
The gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), directed Tabcorp, one of the leading gambling operators in the province, to implement changes to most of its Electronic Betting Terminals (EBTs). Per the request of the regulator, a majority of the operator’s machines would have to become cashless. The change […]
Industry
December 19, 2023
Tabcorp Makes History, Secures 20-Year License in Victoria
Australian betting giant Tabcorp has prevailed over its competitors, successfully securing a license to operate retail betting in Victoria. After an intense bidding process, the company secured the 20-year license that would allow it to continue offering wagering at TAB shops and clubs. Under the new deal with the Victorian government, Tabcorp will have to […]
Business
November 28, 2023
Tabcorp Names Finance Heavyweight Mark Howell as Its New CFO
Australian gambling and betting giant Tabcorp has strengthened its team with the appointment of Mark Howell as its new chief financial officer. Boasting years in finance-related positions, Howell has all the necessary experience to guide the wagering juggernaut’s business. Howell is currently serving as general manager of liquor finance and network optimization at the Coles […]
Business
October 25, 2023
Shareholders Disagree With Tabcorp’s Remuneration Plan
The remuneration of Tabcorp’s executive sparked a debate at the company’s recent annual general meeting (AGM) that took place Wednesday, ultimately resulting in a dip of 4% in its stocks. More than one third of the company’s shareholders, or some 34%, disagreed with a proposed remuneration plan for Tabcorp’s senior-level members. The latest announcement comes […]
Industry
September 29, 2023
Tabcorp Slapped with a New Fine, This Time in NSW
Australia’s largest gambling company, Tabcorp, has received a fine of almost $10,000 (converted to USD from AUD 15,000) for its recent violation of New South Wales’ advertising rules. According to Liquor & Gaming NSW, the gambling company induced visitors of its website to gamble. The advert was visible to anyone who visited Tabcorp’s website, regardless […]
Industry
September 18, 2023
Tabcorp Faces Charges from VGCCC over Alleged Underage Gambling
Underage gambling is a growing concern, amid the growing popularity of games offering the popular loot boxes. While regulating video games is complex as changes to the regulations must be implemented to protect children from the loot box functionality that resembles slots, gambling is strictly prohibited for minors. Australia is no exception and the gambling […]
Industry
September 13, 2023
Husband and Wife at the Focus of Tabcorp Insider Trading Scandal
Crimes related to insider trading are difficult to uncover but not impossible. A new report suggests that an experienced bettor, who received insider information from his wife, was found guilty of seven charges and received a fine as well. As reported by The Sydney Morning Herald, Nathan Snow, a professional punter who is claimed to […]