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Tabcorp Holdings Limited

Tabcorp is a world-class diversified gambling entertainment group employing more than 5000 people.

Tabcorp manage iconic brands which ignite passion and excitement in millions of Australians.

Tabcorp’s goal is to build a sustainable future for gambling entertainment while making a positive impact. Each year our operations return hundreds of millions of dollars to the Australian community, the racing industry and venue partners including newsagents, hotels, clubs and TAB agents.

Tabcorp is listed on the Australian Securities Exchange (ASX).

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News

Tabcorp’s bet on the future

Tabcorp (ASX:TAH) shares plummeted over 20% on Wednesday after the company announced a significant non-cash impairment charge of $1.37 billion for its wagering business. This write-down, which is more than double the size of a similar impairment in February, reflects the challenges facing the gambling industry in Australia.

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Tabcorp’s revenue woes predict weak racing seasons

High-interest rates, rising mortgage costs, and inflation have combined to take a significant toll on the gaming market, foreshadowing weak racing seasons in Sydney and Melbourne over the next month. This comes after Tabcorp surprised investors with a rare trading update that revealed a decline in revenues across its divisions during the first three months of the new financial year.

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