Tabcorp is Australia's largest

gambling Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (ga ...

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 Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

(ASX).

History

In 2017,

Tatts Group Tatts Group was an Australian gambling company. In 2017 the company combined with Tabcorp Holdings Limited under the Tabcorp brand. Tatts Group history The company had three divisions: Lotteries, Wagering and Gaming Solutions. Lotteries Tatt ...

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 Victorian or Victorians may refer to: 19th century * Victorian era, British history during Queen Victoria's 19th-century reign ** Victorian architecture ** Victorian house ** Victorian decorative arts ** Victorian fashion ** Victorian literatur ...

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 char ...

betting. Three years later in 1964, the

NSW New South Wales (commonly abbreviated as NSW) is a state on the east coast of :Australia. It borders Queensland to the north, Victoria to the south, and South Australia to the west. Its coast borders the Coral and Tasman Seas to the east. T ...

TAB was established, betting on two race meetings on its first day at

Canterbury Canterbury (, ) is a City status in the United Kingdom, city and UNESCO World Heritage Site, in the county of Kent, England; it was a county borough until 1974. It lies on the River Stour, Kent, River Stour. The city has a mild oceanic climat ...

and Menangle. Tabcorp was listed on the

by the

Government of Victoria The Victoria State Government, also referred to as the Victorian Government, is the Executive (government), executive government of the Australian state of Victoria (Australia), Victoria. As a parliamentary system, parliamentary constitutiona ...

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

New South Wales New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South ...

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. In June 2024, former

Australian Football League The Australian Football League (AFL) is the pre-eminent professional sports, professional competition of Australian rules football. It was originally named the Victorian Football League (VFL) and was founded in 1896 as a breakaway competition ...

CEO

Gillon McLachlan Gillon McLachlan (born 1973) is a former Australian sports administrator and now CEO of a major gambling company. He is the former chief executive officer of the Australian Football League (AFL). He was appointed to the role in 2014, succeeding ...

was appointed CEO of Tabcorp, beginning the role in August 2024.

Controversies

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

money-laundering Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into ...

laws. Suspicious behaviour on 108 occasions was not reported to the

Australian Transaction Reports and Analysis Centre Australian Transaction Reports and Analysis Centre (AUSTRAC) is an Australian government financial intelligence agency responsible for monitoring financial transactions to identify money laundering, organised crime, tax evasion, welfare fraud ...

(AUSTRAC). On 22 August 2007, an investigation by

news.com.au News.com.au (stylised in all lowercase) 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 an ...

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, casin ...

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 Single-elimination tournament, knockout association football, football competition in domestic Football in England, English football. First played during ...

tie against

Arsenal F.C. The Arsenal Football Club, commonly known as simply Arsenal, is a professional football club based in Islington, North London, England. They compete in the Premier League, the top tier of English football. In domestic football, Arsenal h ...

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 state government of Queensland, Australia, a parliamentary constitutional monarchy. Government is formed by the party or coalition that has gained a majority in the state Legislative Assembly, with the governo ...

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

Northern Territory The Northern Territory (abbreviated as NT; known formally as the Northern Territory of Australia and informally as the Territory) is an states and territories of Australia, Australian internal territory in the central and central-northern regi ...

TAB from the

Government of the Northern Territory The Northern Territory Government is the executive branch of the Northern Territory. The Government of Northern Territory was formed in 1978 with the granting of self-government to the Territory. The Northern Territory is a territory of the Co ...

and in 2002, the

South Australia South Australia (commonly abbreviated as SA) is a States and territories of Australia, state in the southern central part of Australia. With a total land area of , it is the fourth-largest of Australia's states and territories by area, which in ...

n TAB from the

Government of South Australia The Government of South Australia, also referred to as the South Australian Government or the SA Government, is the executive branch of the state government, state of South Australia. It is modelled on the Westminster system, meaning that the h ...

. 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 was the market leader in Australian wagering, operating under the TAB brand until the 2020 combination of Flutter's SportingBet with BetEasy. 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.2019 Macquarie Australia Conference presentation

Gaming Services

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

References

{{S&P/ASX 200 Australian companies established in 1994 Gambling companies established in 1994 Bookmakers Companies listed on the Australian Securities Exchange Companies in the S&P ASX 50 Gambling companies of Australia Online gambling companies of Australia Holding companies of Australia Multinational companies headquartered in Australia Companies based in Melbourne