Tag Archives: tabcorp

UK greyhound partnership bears fruit for Tabcorp & SIS

Australian gambling operator Tabcorp has stated that its strong start to the UK greyhound season has been led by its content streaming partnership with SIS. As of February, Tabcorp’s racing media arm, Sky Racing commenced broadcasting pictures across Australia from UK stadia in partnership with SIS, supplier of greyhound and racing content. Tabcorp management has been pleased with its customer …

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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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ACCC watchdog wants Tabcorp & Tatts to restructure assets

Australian gambling market concerns published by the Australian Competition and Consumer Commission (ACCC) regarding the planned AUS $11 billion merger of gambling giants Tabcorp Holdings and Tatts Group has led to a restructure of assets in order for stakeholders to gain ‘final merger approval’. Issuing a 38-page report, the ACCC has detailed that the combining of Tabcorp and Tatts assets …

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Multiple compliance failures see Tabcorp pay record AUSTRAC AUS $45 million fine

The Australian Transaction Reports & Analysis Centre (AUSTRAC) has issued Tabcorp Holdings its biggest ever fine of AUS $45 million (£27 million) for ‘extensive breaches’ of national anti-money laundering rules and compliance standards. The fine has been forwarded to the Australian Federal Court for final approval, against Tabcorp NSW and Victoria enterprises which failed in to register AUSTRAC of multiple …

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Jamie Hart departs as Managing Director of Sun Bets

New UK bookmaker Sun Bets has confirmed that Managing Director Jamie Hart is set to leave the leadership position having chosen to join Romanian betting operator SuperBet (SuperBet.ro).  Both Sun Bets management and Jamie Hart confirmed the departure to SBC, with the operator having begun the search for a new leader. Australian gambling operator Tabcorp, joint venture partner with News …

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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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Tabcorp details Sun Bets as its biggest international initiative

Australian gambling giant Tabcorp Holdings has labelled Sun Bets, its strategic joint-venture with News UK, as the biggest international commercial initiative undertaken in the firm’s history. Officially launched last August, the Sun Bets brand aims to compete against UK legacy operators within the ultra-saturated UK online betting sector, a marketplace estimated to be three times the size of Tabcorp’s Australian …

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Tabcorp found guilty of illegal new accounts promotion

TAB - Copyright: tktktk / 123RF Stock Photo

Australian gambling operator Tabcorp has been found guilty of illegally luring punters to open new accounts via a promotion published both online and in the newspaper. The promotion, published in August 2015, offered bonus bets and other rewards as inducements. The company was brought to court because it is illegal for bookies to publish ads tempting NSW residents with inducements …

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