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ASX: TAH

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  • Tabcorp continues digital rebuild with $62 million sale of venue loyalty business eBet

    Tabcorp continues digital rebuild with $62 million sale of venue loyalty business eBet

    Since the demerger of its lotteries business to concentrate on its wagering business, Tabcorp (ASX: TAH) has made further strides in its restructure with the sale of its eBet business for $62 million, no longer seeing value in its loyalty and tracking systems.  Generating EBITDA of $4.4 million and an EBIT loss of $2 million

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  • Jumbo Interactive shares crunched with price hike looming after CEO sell down

    Jumbo Interactive shares crunched with price hike looming after CEO sell down

    When it comes to gambling in Australia, punters have a plethora of service providers to assist them with their bets across lottery, sports, racing or even pokies. Such a lucrative market for providers regularly leads to a battle for market share, one that is changing tides against online lottery company, Jumbo Interactive (ASX: JIN). The

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  • Tabcorp demerger spices up as wagering division cops 34% beating

    Tabcorp demerger spices up as wagering division cops 34% beating

    Despite its position as the most recognised wagering brand in Australia, the burden of its wagering division continues to weigh down Tabcorp (ASX: TAH) whose attempts to enter the digital age appear to be futile, having missed the boat by several years. As a result of being leapfrogged by digital-only operators which flurried into Australia

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  • Takeover offers knocked back but Tabcorp confirms wagering demerger is on the cards

    Takeover offers knocked back but Tabcorp confirms wagering demerger is on the cards

    One of the worst kept secrets in the wagering industry is now in the open with Australia’s largest operator Tabcorp (ASX: TAH) confirming they have knocked back unsolicited offers for their wagering business but will review options to maximise its potential sale price.  Confirmation that offers from unnamed parties have been knocked back comes with

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  • Tabcorp profits plummet as rebuild embarks with $600m cap raise

    Tabcorp profits plummet as rebuild embarks with $600m cap raise

    An eerie sort of irony surrounds wagering and sports giant Tabcorp Holdings (ASX: TAH) which is set to embark on a corporate rebuild in the same way an underperforming AFL team does. The CEO and Chairman are on the way out, fresh blood is being sought with a $600 million capital raise and a strategic

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  • What the SportsBet-BetEasy merger means for TabCorp and punters

    What the SportsBet-BetEasy merger means for TabCorp and punters

    The online sports wagering industry is set to be shaken up once again, with the proposed merger of online bookmaker operators The Stars Group and Flutter Entertainment. With the Groups operating BetEasy and SportsBet respectively, merging two of Australia’s largest online bookmakers will have significant industry ramifications, with punters set to be the biggest winners

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