Tabcorp is an Australian gambling company that provides wagering and gaming products and services. It is listed on the Australian Securities Exchange (ASX).
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History
In 2017, Tatts Group merged with Tabcorp Holdings Limited 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, called The Lottery Corporation, with Tabcorp retaining its wagering and media arm.
Tabcorp history
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. In 1999, Tabcorp acquired Star City Holdings, and in 2000 it acquired Structured Data Systems, a developer of wagering and Keno systems.
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.
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 CEO Gillon McLachlan was appointed CEO of Tabcorp, beginning the role in August 2024.
On 16 March 2017, Tabcorp was fined A$45 million for breaching money laundering laws. Suspicious behaviour on 108 occasions was not reported to the Australian Transaction Reports and Analysis Centre (AUSTRAC).
In August 2007, a News.com.au investigation reported claims that Tabcorp had secret NSW government approval to lend money to selected high-value customers.
In April 2018, the UK Gambling Commission fined Tabcorp £84,000 after its Sun Bets subsidiary breached gambling rules over a publicity stunt during a February 2017 FA Cup tie.
In May 2026, AUSTRAC launched an investigation into Tabcorp over concerns about the company's ability to prevent illegal activity, such as money laundering and terrorism financing, on its platform.
Tatts Group history
TAB Qld (TABQ) opened for business in 1962 and was listed by the Government of Queensland on the ASX in November 1999. 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. In December 2002, TABQ changed its name to UNiTAB.
In 2006, Tattersalls Ltd and UNiTAB merged under the Tattersalls brand, and in 2007 the group changed its name to Tatts Group.
Between 2010 and 2012, Tatts Group acquired NSW Lotteries, SA Lotteries and Tote Tasmania. In 2014 it secured a Queensland wagering licence with 30-year exclusivity, and in 2015 it launched the UBET wagering brand.
Wagering and media
Tabcorp supplies wagering and media services under the TAB brand through retail outlets and digital channels. It was the market leader in Australian wagering until 2020.