Tabcorp

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Tabcorp Holdings Limited
TypePublic
ASXTAH
IndustryGambling
Founded1994
HeadquartersMelbourne, Australia
Key people
Steven Gregg (Chairman)
David Attenborough (CEO)
ProductsGambling
Lotteries
Gaming
Media
Keno
Revenue$5.2 billion (2020)
Number of employees
5,000+ (2019)
Websitewww.tabcorp.com.au

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

History[edit]

In 2017 Tatts Group 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.[1][2]

Tabcorp history[edit]

In 1961 the Victorian TAB (Totalisator Agency Board) was established, legalising off-course totalisator betting. Three years later in 1964 the NSW TAB was established, betting on two race meetings on its first day at Canterbury 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.[3][4] In 1999 Tabcorp announced the acquisition of Star City Holdings and in 2000 it acquired Structured Data Systems which developed wagering and Keno systems and animated games.[5]

Tabcorp merged with Jupiters in November 2003 and in 2004 took over Tab Limited, the New South Wales based wagering and media company, including Sky Channel.[6][7]

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.[8]

In 2012 Tabcorp commenced operating Victoria's new Wagering and Betting Licence.[9] In 2014 Tabcorp acquired ACT TAB.[10] In 2016 Tabcorp acquired the gaming systems company Intecq.[11]

Tatts Group history[edit]

TAB Qld (TABQ) opened for business in 1962 and was listed by the Government of Queensland on the ASX in November 1999.[12] In 2000, TABQ acquired the Northern Territory TAB from the Government of the Northern Territory and in 2002, the South Australian TAB from the Government of South Australia.[13][14][15] In December 2002 TABQ changed its name to UNiTAB.[16]

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 Tatts Group.

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.[17] 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.

Operations[edit]

Lotteries and Keno[edit]

The Lott is a market leader in Australian lotteries. In FY18 the Lott delivered more than $2.7 billion in prize money to Australian players.[18] Its licensee brands include Tatts, NSW Lotteries, Golden Casket and SA Lotteries. The Lott's game brands include:

The Lott products are sold in 3,700+ outlets across Australia, with Keno operating in 3,600+.

In calendar 2018, the Lott sold 472 million tickets and Keno sold 106 million tickets to Australian players. The Lott has 2.98 million active registered customers, with Keno having 38,000 active registered customers.[19]

In 2018, the Lott returned $1.1 billion in lotteries taxes to governments.

Wagering and Media[edit]

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.[20]

Gaming Services[edit]

MAX operates gaming services across 3,500+ venues across Australia.[21]

References[edit]

  1. ^ Tabcorp announces intention to demerge Lotteries & Keno, Creating Tow Market Leading Companies Tabcorp 5 July 2021
  2. ^ Tabcorp knocks backs suitors and will proceed with demerger TDN Australia 6 July 2021
  3. ^ Tabcorp float scrapes floor at $2.25 Australian Financial Review 15 August 1994
  4. ^ Corporate Tabcorp
  5. ^ OK for Tabcorp's Star City takeover Australian Financial Review 7 October 1999
  6. ^ Former investors Tabcorp
  7. ^ Tabcorp takes Management Control of Tab Limited Tabcorp 6 July 2004
  8. ^ Demerger of Echo Entertainment Group Tabcorp
  9. ^ Staff, Racing com. "RV welcomes announcement of new Wagering Licensee". RACING.COM. Retrieved 29 December 2020.
  10. ^ Lawson, Kirsten (30 July 2014). "Tabcorp buys ACTTAB in $105.5 illion deal". Canberra Times. Retrieved 29 December 2020.
  11. ^ "Tabcorp buys gaming systems group INTECQ for $128m". Australian Financial Review. 31 July 2016. Retrieved 29 December 2020.
  12. ^ Admission to Official List Australian Securities Exchange 15 November 1999
  13. ^ Advice re Northern Territory TAB TABQ 14 April 2000
  14. ^ To Acquire South Australian TAB TABQ 15 August 2001
  15. ^ Update on Acquisition of South Australian TAB TABQ 8 January 2002
  16. ^ Certificate of Registration on Change of Name to Unitab Ltd Unitab 3 December 2002
  17. ^ "Tatts to roll out 50 UBET stores in 2015". SBS News. Retrieved 5 January 2021.
  18. ^ "The Lott Launches A New Campaign To Highlight everyday Winners, Winning Every Day' | The Lott". mediacentre.thelott.com. Retrieved 5 January 2021.
  19. ^ As at 31 December 2018. Active customers are measured on a rolling 12-month basis.
  20. ^ 2019 Macquarie Australia Conference presentation
  21. ^ "4d result online". Tuesday, 2 July 2019