The wagering giant is slashing jobs as it seeks to lower its expenses and transform the business to garner a bigger share of the online wagering market.
Tabcorp posted $52 million in net profit for the December half,beating market expectations,as cash wagering recovered from the pandemic.
The collateral damage has already begun after Michael Clarke’s romantic entanglements exploded in a blazing row in Noosa.
The move may escalate a fight between the Ladbrokes owner and its rival Tabcorp that could play out in pubs across the country.
Tabcorp has lodged Supreme Court proceedings against Entain and the Australian Hotels Association in NSW over concerns a recent advertising deal breaches the state’s Unlawful Gambling Act.
The conservative think tank boasted about hosting corporate Australia’s night of nights. It was certainly quite a crowd assembled to hear Richard Marles’ plan of action.
Tabcorp charges pubs about $12,000 to broadcast its Sky Racing channel. But in certain states it will now waive that fee.
As authorities closed in on money laundering in the hospitality industry,the pubs lobby struck a deal with an online bookmaker in the crosshairs of an AUSTRAC investigation.
Sky Racing will stream the Melbourne Cup to 68 countries under a new two-year partnership between Victoria Racing Club and Tabcorp.
WA Premier Mark McGowan sees no issue with government ministers and MPs accepting hospitality from betting giant Tabcorp weeks before the government restarted the sale process to sell its own betting agency TAB.
The racing and wagering giant is betting big on its newly minted app to keep online-only rivals at bay,with the technology to be put to the test at the upcoming Melbourne Cup.