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Business
December 2, 2022
Tabcorp Raises A$425M from Private US Placement
Tabcorp has successfully secured additional capital to spearhead its operations through the issuance of a new private placement long-term debt. The company announced in a filing to the Australian Stock Exchange sought to raise additional funds through the placement of notes in the private US market, amounting to a total of A$425 million ($289 million). […]
Industry
November 22, 2022
Tabcorp Sues Entain over NSW Pub Deal
Tabcorp, the largest gambling company in Australia, will take its competitor Entain to court. The former company was not happy to learn of the recent deals between Entain and pubs in New South Wales. Pubs in NSW Agreed to Promote Entain Tabcorp holds the exclusive right to operate gambling machines at clubs in New South […]
Business
October 26, 2022
Tabcorp Annual General Meeting, Q1FY23 Trading Update
The company’s recent demerger of lottery and keno has meant that each company will have its own focus and will be able to create its own strategy moving forward. The latest financial results for Tabcorp indicate that the main goal it had set for itself is on course to being met, and quickly. Expected Financial […]
Industry
October 26, 2022
Sky Racing World Expands Offering with Malaysian Thoroughbred
Australia’s biggest wagering and entertainment company Sky Racing World (SRW) announced it has expanded its portfolio of international racing with the launch of Malaysian Thoroughbred racing. Enhancing Product Portfolio Launched at the end of September, the addition of Malaysian Thoroughbred racing to SRW’s racing portfolio enhanced the already impressive thoroughbred offering of the Kentucky-based distributor […]
Sports
October 10, 2022
Australian Turf Club and TAB Extend Existing Deal
The Australian Turf Club (ATC), the leading operator offering thoroughbred racing and hospitality services, announced it extended its collaboration with TAB. TAB and ATC Extend Partnership The new partnership extension was announced Monday and will see the duo collaborate for three more years. Under the terms of the new extension deal, TAB will remain the official wagering partner of the […]
Business
October 10, 2022
Tabcorp to Acquire 20% Stake in Social Sportsbook Dabble
The largest gambling company in Australia, Tabcorp Holdings Limited, is going to invest in online sports and racing bookmaker Dabble Sports Pty Ltd. Tabcorp to Acquire 20% Stake in Sportsbook Dabble Tabcorp has decided to make a strategic investment in the trending social sportsbook Dabble. The company is going to buy a 20% stake in […]
Industry
October 7, 2022
Entain to Advertise in NSW Hotels, Pubs, Competing with Tabcorp
Entain and Tabcorp have long been competitors in Australia’s gaming market, and this latest partnership between Entain and the New South Wales Australian Hotels Association is a continuation of that. “Evolution” in Betting Behavior A post on Entain Australia’s LinkedIn page shed some light on Entain’s “ground-breaking new partnership” with the New South Wales (NSW) […]
Sports
September 21, 2022
Tabcorp Launches Revamped Sports Betting App
Tabcorp has revealed the latest version of its sports wagering app which will now be available to Australian sports bettors who may download it from the Google Play or Apple Store. The app is developed on the Flutter open source software and is considered a significant improvement on the old version, both in terms of […]
Industry
September 20, 2022
Tabcorp Sells eBet, Obtains Tasmanian Monitoring License
Australian gambling group Tabcorp Holdings Limited announced an agreement to sell its eBet business and revealed details of a new monitoring license in Tasmania. The eBet Sale Agreement Australian Securities Exchange (ASX)-listed Tabcorp and Venue Digital Technology Pty Ltd, a company led by Frank Makryllos, entered into an agreement for the sale of the business […]
Business
August 24, 2022
Tabcorp Releases FY2022 Report, Continuing Revenue Is Down 4.3%
Tabcorp has released its FY2022 report which states that the company’s continuing revenue reached AU$2.37 billion ($1.64 billion), which is a 4.3% decline compared to FY2021. According to the report, the results were heavily impacted by COVID-19, which caused the retail properties of the company in New South Wales and Victoria to close in the […]