Tag Archives: Paula Dwyer

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 raises $230m through retail bookbuild

Tabcorp Holdings has confirmed that it has completed the ‘retail component’ of its AU$600 million (€370 million) entitlement offer, having raised approximately AU$230 million (€142 million). Completing the retail phase of its entitlement offer authorised following Tabcorp publishing its 2019 results, the ASX gambling group sold 8.5 million retail entitlements through the placement generating $2.7 million for company shareholders. The …

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Tabcorp raises $371m through institutional entitlement offer

Australian racing and wagering company Tabcorp has completed the institutional component of its AU$600 million entitlement offer, with the 97% take-up raising AU$371 million. Tabcorp’s latest financing transaction was revealed following last week’s publication of the ASX gambling group’s 2019/2020 fiscal results, recording operating losses AUS $870 million (€520m), primarily attributed to ‘asset impairment charges’ restructuring the firm’s wagering units. …

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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 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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Ziggy Switkowski steps down from Tabcorp board

Australia ASX-listed gambling group Tabcorp Holdings has confirmed that non-executive director Dr Ziggy Switkowski would be stepping down from the company’s board, with his retirement effective immediately. Switkowski has held the position of non-executive director since 2006. During his tenure he served on several board committees, including as chairman of the People and Remuneration Committee. Tabcorp Chairman Paula Dwyer stated: …

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Tabcorp appoints ‘finance pro’ Anne Brennan as governance advisor

Issuing a market filing, the governance of Australia ASX-listed gambling group Tabcorp Holdings has confirmed the inbound appointment of Anne Brennan as a corporate non-executive director. Updating investors, Tabcorp governance awaits the necessary regulatory and ministerial approval to confirm Brennan’s appointment, with the executive expected to serve as Tabcorp governance advisor from February of next year. An expert in corporate …

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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 names David Gallop as non-executive director

Australian  ASX-listed gambling group Tabcorp Holdings has confirmed the appointment of former-National Rugby League  (NRL) Chief Executive David Gallop to its Board of governance, assuming the position of Non-Executive Director.  Gallop also served as the CEO for Football Federation Australia from 2012 up until his resignation in July. His tenure is due to end on December 31. The appointment, which is yet …

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Tabcorp shareholders dispute executive merger rewards

The governance of Australia ASX-listed Tabcorp Holdings has been served a bloody nose, as a significant number of its investors have rejected the firm’s executive remuneration report. This Wednesday, 40% of Tabcorp investors voted against 2017/18 executive packages. Australian business news sources report that investors had been incensed by the company attaching executive performance rewards (bonuses) to Tabcorp’s AUS $11 …

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