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 […]
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 […]
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 […]
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 […]
Australia’s biggest gambling company, Tabcorp, states that it will not oppose a ban on credit cards as a payment method in Australia. The company also added that this will not present a problem, as long as lottery tickets can still be sold by local newsagents. Speaking on the latest developments, including COVID-19, Tabcorp stated that […]
Australian gambling company Tabcorp Holdings announced today it is not going to sell its media and gaming businesses and instead, will undertake a demerger to split the business into two separate entities. Strategic Review Complete The announcement marks the end of the strategic review undertaken by Tabcorp on March 29, 2021, in an attempt to […]
UK-based gambling group Entain is mulling a new enhanced offer for Tabcorp’s media and sports betting assets to blow out competitors and acquire the business, several media in Australia report. TAB Bidding Impasse Having seen its opening bid for the Australian sports betting business of AU$3 billion ($2.3 billion) rejected in February, Entain followed with an improved proposal to AU$3.5 billion ($2.7 billion) in April, and now it […]
Should Tabcorp decide to spin off its gaming and lottery units into stand-alone companies, it’s going to fail. That’s the message Entain has sent to the company in an effort to convince Tabcorp decision-makers to accept its offer to acquire the units. Australia-based Tabcorp has had difficulty shoring up its gaming operations lately, which led […]
Tabcorp has suddenly become very popular in Australia, but not with gamblers. The company has fallen on hard times because of COVID-19 and Apollo Global Management and Entain had started a bidding war to try to convince it to sell its gaming assets. A third company has now joined as BetMakers Technology Group Ltd has […]
As Tabcorp continues with a review of its media and wagering business, Apollo Global Management has entered the bidding process, tabling a $4 billion offer. Apollo Joins the Race for Tabcorp’s Media and Wagering Assets Tabcorp’s (TAB) wagering and media business continues to be as tempting a prospect as ever, as Entain has already submitted […]
