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Industry
October 7, 2022
Entain to Advertise in NSW Hotels, Pubs, Competing with Tabcorp
Entain and Tabcorp have long been competitors in Australia’s gaming market, and this latest partnership between Entain and the New South Wales Australian Hotels Association is a continuation of that. “Evolution” in Betting Behavior A post on Entain Australia’s LinkedIn page shed some light on Entain’s “ground-breaking new partnership” with the New South Wales (NSW) […]
Sports
September 21, 2022
Tabcorp Launches Revamped Sports Betting App
Tabcorp has revealed the latest version of its sports wagering app which will now be available to Australian sports bettors who may download it from the Google Play or Apple Store. The app is developed on the Flutter open source software and is considered a significant improvement on the old version, both in terms of […]
Industry
September 20, 2022
Tabcorp Sells eBet, Obtains Tasmanian Monitoring License
Australian gambling group Tabcorp Holdings Limited announced an agreement to sell its eBet business and revealed details of a new monitoring license in Tasmania. The eBet Sale Agreement Australian Securities Exchange (ASX)-listed Tabcorp and Venue Digital Technology Pty Ltd, a company led by Frank Makryllos, entered into an agreement for the sale of the business […]
Business
August 24, 2022
Tabcorp Releases FY2022 Report, Continuing Revenue Is Down 4.3%
Tabcorp has released its FY2022 report which states that the company’s continuing revenue reached AU$2.37 billion ($1.64 billion), which is a 4.3% decline compared to FY2021. According to the report, the results were heavily impacted by COVID-19, which caused the retail properties of the company in New South Wales and Victoria to close in the […]
Industry
June 21, 2022
NSW Changes the Point of Consumption Tax
The government of New South Wales has announced a 5% increase to the Point of Consumption tax on corporate sportsbooks. With this development, the POCT will rise from 10% to 15% and the new rules will be effective on July 1, 2022. Tax Revenue Is Set to Increase by Over $500 Million NSW’s tax increase […]
Industry
June 6, 2022
Tabcorp Salutes New Racing Industry Tax Reforms in Queensland, Australia
Tabcorp has ended its three-year legal dispute with Racing Queensland as the operator reached a conditional settlement and it will have to pay AU$150 million ($108.3 million) after the new reforms that were announced by the government of Queensland, Australia. This development comes just days after the company announced several changes in its senior development […]
Industry
June 6, 2022
Queensland Changes Gambling Taxes to Support Racing
The Australian state of Queensland will introduce a significant increase to the taxes that corporate sports betting companies pay. This was announced by the state government today. Queensland Levels the Playing Field Queensland’s vision is to change how racing is funded. To that end, a new 5% racing levy will be introduced. This adds to […]
Industry
May 31, 2022
Tabcorp Announces Senior Management Team Changes
Tabcorp has announced several senior management team changes ahead of its demerger in which its lottery operations will be separated from gaming, wagering and media services. All of the changes were set out in the Demerger Booklet and the demerger is expected to finalize on June 1. Some Employees Will Be Transferred to The Lottery […]
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 […]