||This article may require cleanup to meet Wikipedia's quality standards. (February 2011)|
|Traded as||ASX: TAH|
1994 privatisation of the Victorian TAB
|Key people||Paula Dwyer, Chairman
David Attenborough, Managing Director and CEO
|Revenue||AUD2,9410.9 million FY11
(excludes demerged Casino business)
- 1.2 million regular customers
- Victorian and NSW totalizator 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
- 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
- 1.354 million Keno customers
- Operates across 2,739 venues in NSW and Queensland
- New Victorian licence commences in April 2012
- Three Pay TV channels – Sky Racing 1, Sky Racing 2 and Sky Racing World
- 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
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.
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 Limited (ASX: EGP). The existing wagering, media, gaming, and Keno businesses were retained by Tabcorp.
The Tabcorp group is committed to responsibly and efficiently delivering its products and services for all stakeholders. This has resulted in Tabcorp being assessed in the inaugural FTSE4Good ESG (environmental, social and governance) as the best company in the global travel and leisure sector. In the 2011 annual Dow Jones Sustainability Index assessment, Tabcorp received 100% for promoting responsible gambling. It has received this rating for the past five years and was recognised as the overall global leader in the gambling industry in 9 out of the last 10 years.
Gambling, and especially "pokies" remain a somewhat contentious political issue in Australia, and like all gaming operators the efforts of Tabcorp to grow its gaming revenue can be politically controversial. Anti-gambling activists have noted that Tabcorp and its competitor have increasingly moved their allocated quota of poker machines around the state to maximise revenue, thus resulting in concentration of machines in working-class areas.
Tabcorp has responsible gambling codes of practice in place for its wagering, gaming and Keno businesses, which comply with relevant regulatory requirements. Tabcorp has a self exclusion program called BetCare, an employee assistance program, and supports gambling counselling services to assist customers and employees who require support for their problem gambling.
Tabcorp businesses and employees contributed approximately $3 million in benefits to local communities and charitable organisations during the 2011 financial year.
In addition the Tabcorp Group contributed a total of $91.5 million (including from the former casinos businesses) in the 2011 financial year to State community benefit funds in Victoria, New South Wales and Queensland.