Almost 35 per cent of shareholders voted against the wagering giant’s remuneration plan,arguing it did not match the company’s size and performance since demerging from The Lottery Corporation.
The $10 billion lotteries giant has urged the Senate to allow its customers to continue using credit cards to buy scratchies due to “low harm”.
While progressive super funds have largely divested from fossil fuel companies,some still invest members’ savings in pokies,casinos and online betting companies.
Wagering giant Tabcorp and multiple pubs owned by ASX-listed Endeavour Group face charges in Victoria after allegedly allowing a 16-year-old to gamble.
Four years after Sally Snow left her high-profile role with the bookmaking giant,her husband has been fined $18,000 after Racing NSW found him guilty of using inside information to place bets.
Tabcorp recorded $66 million in full-year net profit,benefiting from the resumption of foot traffic through its retail venues after COVID-19.
The leaders of some of the country’s biggest media,wagering and sports businesses are bracing for potential changes to advertising rules which may result in a total ban of gambling advertising.
Network 10 is no longer a contender for the Melbourne Cup rights,after having broadcast the race since 2018.
Negotiations around the future broadcast rights to horse racing’s most lucrative week,the Melbourne Cup Carnival,place the US-owned network’s commercial strategy at a juncture.
Tabcorp has begun talks with the Victorian Racing Club to secure the rights to broadcast the Melbourne Cup in a $100-million-plus five-year deal.
Australian sporting chiefs have warned grassroots sports will suffer if revenue from gambling advertising is cut,downplaying concerns at a parliamentary inquiry into online betting.