Tabcorp Holdings

Updated on Oct 06, 2024

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Type Public Industry Gambling CEO David Attenborough		Traded as ASX: TAH Headquarters Melbourne, Australia CFO Damien Johnston

Founded Melbourne, Australia, 1994 privatisation of the Victorian TAB Key people Paula Dwyer, Chairman David Attenborough, Managing Director and CEO Products Wagering Gaming Media Keno Stock price TAH (ASX) A$ 4.77 +0.04 (+0.85%)5 Apr, 4:10 PM GMT+10 - Disclaimer Subsidiaries eBet, Acttab Limited, Tabcorp Assets Pty Ltd Profiles LinkedIn Twitter YouTube

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Tabcorp Holdings Limited (Tabcorp) is an Australian wagering, gaming and Keno operator and one of the world’s largest publicly listed gaming companies. They carry a supporting media arm.

Wagering

1.2 million regular customers

Victorian and NSW totalisator pools are the two largest in Australia

The retail distribution network includes 1,948 retail outlets in NSW and 622 in Victoria

On-course betting at 255 racecourses

310,000 active TAB Sportsbet account customers betting through the internet, pay TV and phone

The iPhone, iPad and Android TAB Sportsbet wagering app has realised more than 411,660 downloads (January 2012)

Luxbet.com is a bookmaking operation based out of the Northern Territory

Gaming

1.2 million electronic gaming machine (EGM) customers

Operates 13,303 EGMs in 263 clubs and hotels in Victoria, with the licence expiring in August 2012

Tabcorp Gaming Solutions (TGS) to commence operation post August 2012

TGS is a specialised consulting and support service for operators of EGMs

Keno

1.354 million Keno customers

Operates across 2,739 venues in NSW and Queensland

New Victorian licence commences in April 2012

Media

Three Pay TV channels – Sky Racing 1, Sky Racing 2 and Sky Thoroughbred Central.

Sky Racing broadcasts to 2.35 million homes, 5,015 retail outlets with coverage of more than 83,000 races per year and is exported to 29 countries

Sky Racing World is exported to 14 million UK and Irish households through international racing broadcaster ‘At The Races’

Sky Sports Radio is owned and operated by Tabcorp

History

Tabcorp was first listed on the Australian Securities Exchange in 1994 as part of the first major public offering by the Victorian State Government of a statutory body. The Victorian TAB had been established in 1964. The company acquired the businesses formerly conducted by the TAB for a total of $77.8 million and acquired licences to conduct wagering and gaming in Victoria for $597.2 million.

In December 1999 Tabcorp announced the acquisition of Star City Holdings Limited, the owner of the Star City hotel and casino complex in Sydney.

In April 2000 Tabcorp announced the acquisition of Structured Data Systems Pty Ltd, which developed networked wagering systems, Keno systems and animated games.

In November 2003 Tabcorp merged with Jupiters Limited which owned the three Queensland-based casinos and other gaming operations in Queensland and New South Wales.

In September 2004 Tabcorp completed a takeover for Tab Limited, the New South Wales-based wagering and media company.

An investigation by news.com.au reporters Will Temple and David Higgins released on 22 August 2007 claims that Tabcorp had secret approval from the NSW government to loan money to "select high value wagering customers".

In June 2011 Tabcorp demerged its casinos operations which resulted in Tabcorp’s casinos business being separately listed as Echo Entertainment Group (ASX: EGP). The existing wagering, media, gaming, and Keno businesses were retained by Tabcorp.

In March 2016, Tabcorp extended its sponsorship agreement with Victoria Racing Club (VRC) to 2024.

On 16 March 2017 Tabcorp was fined A$45 million for breaching money-laundering laws. Suspicious behaviour on 108 occasions was not reported to the Australian Transaction Reports and Analysis Centre (AUSTRAC).

References

Tabcorp Holdings Wikipedia

(Text) CC BY-SA