Tag Archives: David Attenborough.

Dwyer and Attenborough warn of Tabcorp’s civic duties as company transitions to a new era

Tabcorp Holdings Group CEO David Attenborough and Executive Chair Paula Dwyer have issued their final joint statements as the corporate leaders of the Australia ASX gambling and lotteries firm.  As previously communicated to markets, Attenborough and Dwyer will formally depart from all Tabcorp leadership and governance duties prior to the firm’s 2021 AGM. The leadership duo, who have led the …

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Tabcorp double burdened by covid and group impairment charges

Tabcorp Holdings has declared annual statutory operating losses of AUS $870m (€520m), as group performance was anchored by a combination of asset impairment charges and COVID-19 impacts recorded across its retail wagering portfolio.  Publishing its 2019/2020 financial results, the ASX-listed gambling group recorded a 5% decline in group revenues, falling to AUS $5.22bn (FY2018/19: $5.44bn), with the company absorbing double-digit …

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Tabcorp expects $1bn hit as ‘COVID and retail contractions’ take effect

Tabcorp Holdings will write down its wagering and media business by at least AUD $1 billion (€605m) as a result of COVID-19 shutdowns and ‘the possible acceleration of retail contraction’. The company made its statement in a filing to the ASX Exchange, in which it revealed that it had undertaken a ‘review of assets’ in which it expects to incur …

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Tabcorp calls for leadership makeover as Attenborough ends CEO tenure

Tabcorp Holdings has confirmed that Group Chief Executive David Attenborough will be stepping down in the first half of next year. Attenborough initially joined Tabcorp in April 2010 as managing director for wagering. He then became Managing Director and CEO following Tabcorp’s demerger of its former casinos business in June 2011. As CEO of Tabcorp, Attenborough led the firm’s AUS …

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Tabcorp secures debt interest amnesty for 2020  

Tabcorp Holdings has reached an agreement with its US debt holders which will allow the ASX gambling group to defer payments on its debt covenants.  Last month, Tabcorp communicated that it had entered negotiations with US debt holders to obtain new ‘covenant terms’ on its corporate debt tranche of AUS $2.1 billion, maximising financial flexibility as it looks to navigate …

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Tabcorp cancels 2020 dividend as part of new debt arrangement

Tabcorp Holdings has informed investors that the company will sanction no dividend in relation to financial-year 2020 trading. The firm has been forced to terminate the 2020 dividend (fiscal year ending 30 June) as part of its agreed terms with bank lenders, allowing the ASX betting group to waiver approximately AUS $2.2 billion (€1.3bn) of debt covenants until 2021.  Updating …

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Tabcorp donates funds and volunteer support to Australia’s bushfire crisis

Tabcorp Holdings has confirmed that it will donate AUS $1.5 million to Australian emergency services battling the bushfire crisis which has engulfed the entire Gold Coast of Sydney. The ASX listed operator has confirmed that all lottery proceeds taken from its Saturday Lotto draw scheduled for 25 January will be donated to Australia’s ‘Bushfire Relief’. Seeking to generate as much …

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Tabcorp governance survives investor AGM backlash

Tabcorp Holdings governance has survived a bruising annual general meeting (AGM), in which the firm’s corporate governance and executive leadership were questioned by frustrated investors of the ASX-listed gambling group. AGM voting saw 35% of Tabcorp shareholders oppose the re-election of Paula Dwyer as corporate chairman, extending her tenure for a further two-years. Further investor upheaval saw 37% of Tabcorp …

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Tabcorp shuts down Lottery split rumours

David Attenborough, the Chief Executive of Australia ASX-listed gambling group Tabcorp Holdings has stated that the company holds no intentions in splitting its lucrative lotteries and keno division into a separate entity, dismissing speculation as ‘complete nonsense’. Yesterday, Tabcorp investors were served mixed results as the company published 2018/2019 accounts (12-month period ending 30 June), reporting on the firm’s first …

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Tabcorp appoints Adam Newman as group financial lead

Australia ASX-listed gambling group Tabcorp Holdings continues it’s executive leadership restructure confirming the appointment of Adam Newman as inbound Chief Financial Officer (CFO). Newman is set to join Tabcorp leadership this October, departing from ASX-listed home energy network AusNet Services, where he has formerly led all financial and treasury disciplines as Group CFO (2013-2019). The appointment sees Newman replace long-term …

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