공고 • Mar 15
Adam Rytenskild Resigns as CEO of Tabcorp The chief executive and managing director of Tabcorp is stepping down after using inappropriate and offensive language, the wagering company says. Adam Rytenskild has tendered his resignation and will step down immediately, Tabcorp reported. Tabcorp chairman Bruce Akhurst will take on additional duties as executive chairman with immediate effect while the company searches for a new chief executive and managing director. 공고 • Nov 29
Tabcorp Holdings Limited Announces the Appointment of Mark Howell as Chief Financial Officer Tabcorp Holdings Limited (Tabcorp) announced the appointment of Mark Howell as the Company's new Chief Financial Officer (CFO). Mr. Howell currently leads the finance function, as the General Manager Liquor Finance & Network Optimisation, for Coles Group Limited's (Coles) Liquor business (trading as Liquorland, Vintage Cellars and First Choice Liquor Market), one of the country's largest retail liquor networks, and will commence prior to June 2024. Mr. Howell brings to Tabcorp a wealth of consumer and retail experience, joining Coles in 2017, just prior to its demerger from Wesfarmers Limited. Following the demerger, Mr. Howell held senior finance, strategy, business development and investor relations roles at Coles. Prior to joining Coles, Mr. Howell held senior investment banking roles at Rothschild and Goldman Sachs in Australia and New York and began his career at Ernst and Young. The appointment is subject to all necessary regulatory approvals. 공고 • Dec 03
Tabcorp Holdings Limited announced that it expects to receive $289 million in funding Tabcorp Holdings Limited announced a private placement of notes for proceeds of $289,000,000 on December 2, 2022. The notes will be issued at a coupon rate of 7.75%. The company will receive funding in tranches. The Notes are expected to close in March 2023, subject to customary conditions 공고 • Oct 05
Tabcorp Holdings Reportedly in Discussions to Buy A Stake in Dabble Tabcorp Holdings Limited (ASX:TAH) is in discussions to buy a stake in Dabble, as part of a strategic revamp of digital wagering. The Australian has learnt that Tabcorp is finalising a deal with Dabble. Sources have indicated that Tabcorp would tap into Dabble's social betting expertise to further improve its app and digital wagering strategies. 공고 • Sep 22
Venue Digital Technology Pty Ltd entered into an agreement to acquire Ebet Gaming Systems Pty Limited from Tabcorp Holdings Limited (ASX:TAH) for AUD 62 million. Venue Digital Technology Pty Ltd entered into an agreement to acquire Ebet Gaming Systems Pty Limited from Tabcorp Holdings Limited (ASX:TAH) for AUD 62 million on September 20, 2022. In FY22 eBet generated EBITDA of AUD 4.4 million and an EBIT loss of AUD 2 million. The sale is targeted for completion by the end of 1H FY23, subject to necessary probity approvals being obtained and no material adverse change occurring. Tabcorp would be eligible to receive a break fee of AUD 3 million, where the agreement is terminated due to the buyer failing to obtain the necessary probity approvals or failing to complete the sale (once unconditional). The sale is expected to result in a pre-tax gain on sale of approximately AUD 39 million on completion. 공고 • Aug 04
Tabcorp Holdings Limited Announces Appointment of Directors Tabcorp Holdings Limited announced that following the receipt of all necessary regulatory approvals, Ms. Raelene Murphy and Mr. Brett Chenoweth have now formally commenced as Non-Executive Directors of the company, effective 4 August 2022. Ms. Murphy and Mr. Chenoweth joined the Board initially as observers on 1 June 2022, following implementation of the demerger of company's Lotteries and Keno business. Following her formal appointment to the company's Board, Ms. Murphy has been appointed Chairman of the Audit Committee, and a member of the Risk, Compliance and Sustainability Committee and Nomination Committee, as of 4 August 2022. 공고 • Feb 17
Tabcorp Holdings Limited Announces an Interim Dividend for the First Half Year Ended 31 December 2021, Payable on 17 March 2022 Tabcorp Holdings Limited announced an interim dividend of 6.5 cents per share fully franked in respect of the first half year ended 31 December 2021. The interim dividend will be payable on 17 March 2022 to shareholders registered at 23 February 2022. The ex-dividend date is 22 February 2022. 공고 • Nov 22
Parties Vying for the TAB Reportedly Drafts in Investment Banks Parties vying for Tabcorp Holdings Limited (ASX:TAH) (TAB) have already drafted in investment banks to assist their efforts. Betting tycoon Matthew Tripp is working with Goldman Sachs, Tabcorp has UBS in its corner and Entain Plc (LSE:ENT) is working with Macquarie Capital. The contest is shaping up as a three-horse race after expressions of interest were called on November 16, 2021. All three suitors used the same advisers around the Tabcorp corporate activity in 2020. Both Tripp and Entain made bids for Tabcorp, but the UBS-advised wagering and lotteries heavyweight rebuffed their offers. 공고 • Aug 08
West Australian TAB Reportedly Returns to the Course A sale of the West Australian TAB is back on the agenda after the campaign to sell the state-owned asset late in 2020 was derailed by Covid-19. Working on the sales process is Adastra Corporate Advisory. Information memorandums are expected to be out to prospective buyers in September. The TAB is likely to be sold for more than $300 million and, if funding that is returned to the industry had been included, the price would be far higher. Tabcorp Holdings Limited (ASX:TAH) operates TABs throughout the country except Western Australia, so it remains the hot favourite. But wagering assets are in favour, with the level of betting on the increase amid the global pandemic. It is a busy time for dealmaking in the industry, with the Victoria TAB licence up for renewal in 2023 and questions about the future of the New Zealand TAB. Expressions of interest have been called for with respect to the Victoria TAB process. 공고 • Jul 01
Tabcorp Holds Talks with Entain and Apollo as Odds of A Sale Shorten Tabcorp Holdings Limited is understood to have engaged with Ladbrokes owner Entain and private equity firm Apollo Global Management in the past week, in what some are taking as a signal that a sale of parts or all of the business is now more likely. Tabcorp was expected to announce the outcome of its strategic review by June 30, 2021, according to sources, but that has been delayed to July 2, 2021 or early next week. Bidders are understood to have been kept in the dark about Tabcorp's intentions, but some believe that engagement with bidders suggests a sale is not off the table. London-listed sports betting and gambling company Entain is considered by many as strongly positioned to buy the group's wagering and media unit given that strong synergies exist. 공고 • Jun 25
Entain Reportedly Could Come Back with Higher Offer for Tabcorp Speculation is mounting that Entain Plc (LSE:ENT) could come back with a higher offer for Tabcorp Holdings Limited (ASX:TAH)'s wagering and media unit as its share price soars on the London Stock Exchange. Shares in companies related to gaming, wagering and lotteries are reaching fever pitch right now due to their defensive nature amid the pandemic and following a period of government stimulus to prop up the workforce affected by Covid-19-related lockdowns. Tabcorp's directors have been weighing a number of offers for parts of its business and a board meeting is scheduled for around now to determine the future of the company. On the table are cash offers from Entain and Apollo Global Management, along with a $4 billion cash and scrip bid from ASX-listed BetMakers. Entain, advised by Macquarie Capital and Morgan Stanley, is seen as the favourite to win with its $3.5 billion cash offer for the wagering and media unit and some suspect it could soon sweeten this bid to $4 billion to cement its position. Another option is demerging the unit. Apollo Global Management, Inc. (NYSE:APO), working with Jefferies, has offered $4 billion for Tabcorp's wagering, media and gaming services arms, or $3.5 billion for just the wagering and media divisions. Tabcorp's shares last traded at $5.17 with its market value at $11.53 billion. 공고 • May 26
Betmakers Reportedly Ready to Roll the Dice in Tabcorp Takeover There is renewed speculation that Matthew Tripp is moving closer to lobbing a formal offer for Tabcorp Holdings Limited (ASX:TAH), including a possible merger with Betmakers Technology Group Ltd. (ASX:BET). Tripp owns a sizeable stake in Betmakers, with about 92 million shares including his performance rights. Tabcorp's board is currently carrying out a strategic review with help from adviser UBS, and the outcome is expected to become known around the end of June 2021. 공고 • May 07
Apollo Reportedly Joins Tabcorp Race with $4 Billion Bid The race for Tabcorp Holdings Limited (ASX:TAH)'s wagering and media business is heating up with Apollo Global Management, Inc. (NYSE:APO) matching Entain Plc (LSE:ENT)'s $3.5 billion bid for the struggling business. Confirming Apollo as a suitor for the first time, Tabcorp said that the New York-headquartered outfit had also put forward a second offer, valued at $4 billion, that would see it take control of Tabcorp's poker machine servicing business as well. The $11 billion listed gambling giant said Apollo's second offer was conditional on due diligence, finance, approval from regulators and Tabcorp's racing industry partners. "The Tabcorp board has not yet formed a view on the merits of the revised proposal and will assess it. 공고 • Mar 18
Fox Reportedly Circles Tabcorp for Takeover Bid Fox Corporation (NasdaqGS:FOXA) has been working with other investors on a potential bid for parts of Tabcorp Holdings Limited (ASX:TAH). The Los Angeles-based company, which is run by billionaire media scion Lachlan Murdoch, has also registered a trademark for its betting arm FOXBet in Australia, in a sign the company is considering an assault on the local wagering industry. The sources also said Murdoch was working behind the scenes with a US investment fund on a potential deal for Tabcorp's bookmaking and media division. Two sources said that the potential deal involves heavyweight bookmaker Matthew Tripp. Others close to Tripp have since said he is not working with Fox on any bid. Tripp declined to comment. No approaches have been made to Tabcorp. 공고 • Sep 21
Tabcorp Holdings Limited Announces Janette Kendall as Non-Executive Director Tabcorp Holdings Limited announced that Janette Kendall will join the Tabcorp Board as a Non-Executive Director, subject to the receipt of the required regulatory and ministerial approvals. During her executive career, Ms. Kendall served in various senior management roles including as Senior Vice President of Marketing at Galaxy Entertainment Group in China, Executive General Manager of Marketing at Crown Resorts, General Manager and Divisional Manager roles at Pacific Brands, Managing Director of emitch Limited and Executive Director of Clemenger BBDO. 공고 • Jul 23
Tabcorp Holdings Limited Announces Retirement of David Attenborough as Chief Executive Officer in First Half of Calendar Year 2021 Tabcorp Holdings Limited announced that David Attenborough will retire as Chief Executive Officer in the first half of calendar year 2021.