Tag Archives: David Attenborough.

Tatts details strong lottery momentum ahead of Tabcorp alignment

Australia ASX-listed gambling group Tabcorp Holdings, has published the final trading statement of Tatts Group Limited, as the companies move to combine their operations in 2018. Publishing H1 2018 results (period ending 31 December), Tatts reports a 19% increase in period revenues generated from ordinary activities of AUS $ 1.37  billion. Tatts revenue uplift was primarily driven by its lottery …

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Tabcorp extends South Australia retail exclusivity

Australian gaming operator Tabcorp has seen a retail exclusivity within one of its home states receive an tentative extension agreement, pending approval by the Independent Gambling Authority. Operating through its wholly owned subsidiary ‘UBET SA Pty Ltd,’ the retail wagering license with South Australia is now set to be exclusive until the end of 2032, after its new arrangements are …

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Cost of Tatts pursuit weighs heavily on Tabcorp’s 2017 results

The AUS $11 billion merger pursuit of Tatts Group, has significantly impacted the performance of Australia ASX-listed gambling group Tabcorp Holdings. Following a year of judicial hearings and compliance reviews, Tabcorp governance announced last December that it had secured final approval to complete its merger with Tatts Group. However, publishing its half-year 2018 results (period ending 31 December), Tabcorp reports …

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Tabcorp and Tatts announce merger integration

Tabcorp Holdings and Tatts Group have announced that the combination of the two firms has been completed. A statement from the firm read: “Tabcorp Holdings Limited (Tabcorp) advises that the Scheme of Arrangement (Scheme) in relation to the combination of Tabcorp and Tatts Group Limited (Tatts) has been implemented today. Tatts is now a wholly-owned subsidiary of Tabcorp.” Adding: “Tabcorp …

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Tabcorp governance reviews Luxbet asset

The Australian Business Review has reported that Tabcorp Holdings governance may fold its online sports betting brand Luxbet (Luxbet.com). The Tabcorp asset is currently under review, with Group CEO David Attenborough revealing that the sports betting brand was set to report record losses for its 2017 performance. Following this month’s Australian Competition Tribunal (ACT) approval of the merger of Tabcorp …

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Australian betting industry awaits ACT’s Tabcorp-Tatts merger decision

Australia betting/gambling industry stakeholders await the official Australian Competition Tribunal (ACT) decision with regards to the AUS $11 billion Tabcorp Holdings and Tatts Group merger (deal first announced October 2016). Throughout May, the ACT has examined heated debate and opinion with regards to the Tabcorp-Tatts combination to create the Australian gambling market’s outright leader. As the merger review enters its …

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Tabcorp strikes back in NSW with AHA hotels & pubs wagering services deal

Australia ASX-listed gambling operator Tabcorp Holdings is reported to have made a significant bid to maintain its position as main gambling services supplier to hotels and pubs in New South Wales (NSW). NSW a key region for Tabcorp operations, has come under threat from James Packer-backed Crownbet who in February won the contract to supply gambling interactive services for Clubs …

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Tabcorp settles AUSTRAC record AUS $45 million compliance fine

The Australian Federal Court has today approved ASX-listed Tabcorp Holding’s AUS $45 million (£27 million) settlement with financial watchdog AUSTRAC relating to severe breaches of its money-laundering code and corporate compliance failures. Tabcorp governance has agreed to pay the record fine, on the condition that AUSTRAC withdraws any further allegations of non-compliance against the company. As reported in February, Tabcorp …

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Tabcorp switches to ‘stakeholder friendly’ ACT as regulatory supervisor for Tatts combination

In a surprise move, the governance of Australia ASX-listed gambling operator Tabcorp Holdings has announced that it has switched regulatory body supervising its AUS $11 billion merger with competitor Tatts Group. Updating investors this morning, Tabcorp confirmed that it had filed a direct merger application with the Australian Competition Tribunal (ACT), replacing the Australia Competition & Consumer Commission (ACCC) as …

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Aussie Turf War…Tabcorp governance unhappy at Crownbet & Clubs NSW venue deal

The Australian betting market has entered a ‘turf war’ following a ‘digital wagering services’ agreement between James Packer’s Crownbet and Clubs NSW. Following an industry tender, Crownbet won the contract to provide interactive wagering services for circa 1,200 syndicated Clubs NSW venues, in a deal that Australian business commentators have valued at AUS $300 million. Clubs NSW governance claims that …

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