Tabcorp is Australia's largest

gambling Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three el ...

company, employing more than 5,000 people. It is the largest provider of wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX).

History

In 2017,

Tatts Group In 2017, Tatts Group combined with Tabcorp Holdings Limited under the Tabcorp brand. Tatts Group history The company had three divisions: Lotteries, Wagering and Gaming Solutions. Lotteries Tatts Group had a near monopoly on lotteries in Aust ...

combined with Tabcorp Holdings Limited to create a diversified entertainment group under the Tabcorp brand. The following year UBET was transitioned back into the flagship TAB brand. In July 2021, Tabcorp announced it would spin off its lotteries and keno business into a separate listed company, with Tabcorp retaining its wagering and media arm.

Tabcorp history

In 1961, the Victorian TAB (Totalisator Agency Board) was established, legalising off-course

totalisator A tote board (or totalisator/totalizator) is a numeric or alphanumeric display used to convey information, typically at a race track (to display the odds or payoffs for each horse) or at a telethon (to display the total amount donated to the chari ...

betting. Three years later in 1964, the NSW TAB was established, betting on two race meetings on its first day at

Canterbury Canterbury (, ) is a cathedral city and UNESCO World Heritage Site, situated in the heart of the City of Canterbury local government district of Kent, England. It lies on the River Stour. The Archbishop of Canterbury is the primate of ...

and Menangle. Tabcorp was listed on the Australian Securities Exchange by the Government of Victoria in August 1994, operating a wagering and gaming licence in Victoria. In 1999, Tabcorp announced the acquisition of Star City Holdings and in 2000 it acquired Structured Data Systems which developed wagering and

Keno Keno is a lottery-like gambling game often played at modern casinos, and also offered as a game in some lotteries. Players wager by choosing numbers ranging from 1 through (usually) 80. After all players make their wagers, 20 numbers (some va ...

systems and animated games. Tabcorp merged with Jupiters in November 2003 and in 2004 took over Tab Limited, the

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based wagering and media company, including Sky Channel. Matthew Slatter became CEO of Tabcorp in 2002, and oversaw the merge with Jupiters in 2003. However, after a 10% fall in profits in early 2007, he was sacked by the Tabcorp board. In 2011, Tabcorp demerged its casino operations resulting in Tabcorp's casinos business being separately listed as Echo Entertainment Group. The existing wagering, media, gaming and Keno businesses were retained by Tabcorp. In 2012, Tabcorp commenced operating Victoria's new Wagering and Betting Licence. In 2014 Tabcorp acquired ACT TAB. In 2016 Tabcorp acquired the gaming systems company Intecq. In May 2022, Tabcorp shareholders approved the scheme of arrangement for the demerger of the Lotteries and Keno business The Lottery Corporation from Tabcorp. The Lottery Corporation commenced trading on the ASX on 24 May 2022. The Lottery Corporation operate the brands The Lott and Keno.

Controversies

On 16 March 2017, Tabcorp was fined 45 million for breaching

money-laundering Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions ...

laws. Suspicious behaviour on 108 occasions was not reported to the Australian Transaction Reports and Analysis Centre (AUSTRAC). On 22 August 2007, an investigation by

news.com.au news.com.au is an Australian website owned by News Corp Australia. It had 9.6 million unique readers in April 2019 and covers national and international news, lifestyle, travel, entertainment, technology, finance, and sport. Staff The organiza ...

reporters Will Temple and David Higgins revealed claims that Tabcorp had secret approval from the NSW government to loan money to "select high value wagering customers". In April 2018, the UK

Gambling Commission The Gambling Commission is an executive non-departmental public body of the Government of the United Kingdom responsible for regulating gambling and supervising gaming law in Great Britain. Its remit covers arcades, betting, bingo, casinos, ...

fined Tabcorp £84,000 after its subsidiary business Sun Bets, was found to have breached gambling laws for a publicity stunt involving taking bets on Sutton United's reserve goalkeeper eating a pie during an

FA Cup The Football Association Challenge Cup, more commonly known as the FA Cup, is an annual knockout football competition in men's domestic English football. First played during the 1871–72 season, it is the oldest national football competi ...

tie against Arsenal F.C. in February 2017.

Tatts Group history

TAB Qld (TABQ) opened for business in 1962 and was listed by the

Government of Queensland The Queensland Government is the democratic administrative authority of the Australian state of Queensland. The Government of Queensland, a parliamentary constitutional monarchy was formed in 1859 as prescribed in its Constitution, as amended fr ...

on the ASX in November 1999. In 2000, TABQ acquired the

Northern Territory The Northern Territory (commonly abbreviated as NT; formally the Northern Territory of Australia) is an Australian territory in the central and central northern regions of Australia. The Northern Territory shares its borders with Western Aust ...

TAB from the

Government of the Northern Territory The Government of the Northern Territory of Australia, also referred to as the Northern Territory Government, is the Australian territorial democratic administrative authority of the Northern Territory. The Government of Northern Territory wa ...

and in 2002, the

South Australia South Australia (commonly abbreviated as SA) is a state in the southern central part of Australia. It covers some of the most arid parts of the country. With a total land area of , it is the fourth-largest of Australia's states and territories ...

n TAB from the Government of South Australia. In December 2002, TABQ changed its name to UNiTAB. In 2004, UNiTAB acquired Maxgaming NSW and in 2005 Tattersalls Ltd listed on the ASX and acquired Bytecraft. Tattersalls Ltd and UNiTAB conducted a merger of equals in 2006 under the Tattersalls brand. In 2007, Tattersalls acquired Talarius and Golden Casket and changed its name to

. In 2010, Tatts Group acquired NSW Lotteries. In 2012, Tatts Group acquired SA Lotteries and Tote Tasmania. In 2014, Tatts Group secured a Queensland wagering deal with 30 years exclusivity, and in the same year Victorian Instant Scratch-Its returned to Tatts Group. In 2015, Tatts Group launched Set For Life and UBET. In 2016, Tatts Group launched the Lott and MAX as well as securing a 15-year monitoring licence. In the same year, Tatts Group sold Talarius to Novomatic.

Wagering and Media

Tabcorp is the market leader in Australian wagering, operating under the TAB brand. TAB operates in 4,400+ venues across Australia and in FY18 delivered $1 billion in returns to industry partners. TAB takes 1.1 billion bets annually and has 57% revenue market share.

Gaming Services

MAX operates gaming services across 3,500+ venues across Australia. Tuesday, 2 July 2019

References

{{S&P/ASX 200 Australian companies established in 1994 Gambling companies established in 1994 Bookmakers Companies listed on the Australian Securities Exchange Gambling companies of Australia Online gambling companies of Australia Holding companies of Australia Multinational companies headquartered in Australia Companies based in Melbourne