Tag Archives: tabcorp

BetEasy swoops in as competitors crash on Melbourne Cup day

Melbourne Cup

BetEasy was the biggest benefactor in Australia as sports betting sites Sportsbet, Ladbrokes and Betfair all crashed on Melbourne Cup day – the biggest day on the nation’s betting calendar. As reported by The AGE, punters on Sportsbet, Ladbrokes and online betting exchange Betfair were temporarily unable to place bets on their smartphone apps or computers, while Tabcorp also reported …

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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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Tabcorp continues Racing ATA legacy sponsorship

Australian gambling operator Tabcorp will continue its legacy sponsorship of the Australian Trainers Association (ATA) for a further 12-months. Updating the media, Tabcorp marketing detailed that it would continue to act as the ATA’s ‘official wagering partner’, a position it has maintained since 2014. Renewing sponsorship terms for a further 12-months, the ATA detailed that it would work with Tabcorp …

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New look Tabcorp refreshes Executive Management team

Australia ASX-listed Tabcorp Holdings has undertaken a series of ‘Executive General Management’ appointments seeking to strengthen its leadership team, following the firm’s merger enlargement with main market rival Tatts Group plc. Last week Tabcorp governance confirmed the appointment of Luke Waldren from online competitor  Sportsbet.com.au (Paddy Power Betfair) as new Executive General Manager of Group Marketing. The ASX enterprise details …

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Tabcorp parts company with under investigation Elmer Funke Kupper

Business news source, ‘The Australian’ reports that Elmer Funke Kupper will no longer serve as a Tabcorp Holdings’ Director, detailing that the executive will depart the company in October. Funke Kupper was the former Managing Director & Chief Executive of Tabcorp Holdings from 2007-2011. In 2011, Funke Kupper left the Australian gambling group to take up leadership of the Australian Securities …

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Tabcorp outlines ‘new enlarged capacity’ despite Sun Bets setback

Publishing its 2017/18 (period ending 30 June) annual results, a new look Tabcorp Holdings demonstrates its enlarged capacity, recovering from its 2016/17 woes. The ASX-listed gambling group points towards a new direction as it incorporates the lottery and betting assets of Tatts Group, forming Australia’s biggest gambling enterprise (deal concluded December 2017). A significantly enlarged Tabcorp records 2017/18 group revenues …

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Sun Bets termination costs Tabcorp £40 million

The governance of Australia ASX-listed Tabcorp Holdings has confirmed that it has completed discussions with News UK to terminate its Sun Bets joint-venture. The Sun Bets enterprise will cease trading in the coming days, with Tabcorp set to make a £40 million payment to exit its UK betting joint-venture agreement which began in 2016. Updating investors, David Attenborough Group Chief …

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End of UK affair… Tabcorp moves to terminate Sun Bets

Australia ASX gambling group Tabcorp Holdings has entered discussions with News UK to terminate its involvement in the Sun Bets joint-venture. Launched in 2016, the operating woes of Sun Bets have been well documented, with the Tabcorp-News UK joint venture reporting operating losses of AUS $46 million (£26 million) for FY2017 trading. Last October, Tabcorp governance moved to place an …

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Peter Jackson – Paddy Power Betfair eyes growth in disruption  

Taking on Paddy Power Betfair’s Q1 investor conference call, Group Chief Executive Peter Jackson has stated that the FTSE100 betting group has made substantial progress on its key initiatives, despite closing a disappointing trading period. With PPB development teams delivering the firm’s combined technology platform this January, Jackson details significant progress on his initial leadership goal of ‘returning Paddy Power …

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Lottoland urges Australian government to revise proposed ban

Copyright: Phillip Minnis / 123RF Stock Photo

Lottoland is calling on the Australian federal government to review its proposed ban within the country, after raising concerns over the financial security of the Australian Lottery and Newsagents Association (ALNA). The new legislation wouldn’t permit Australians to bet on the outcome of international lotteries, with ALNA heavily lobbying for a ban which it has previous labelled as a “positive …

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