The company can trace its beginnings back to 1961 when the Victorian TAB (Totalisator Agency Board) was established. TAB legalized off-course totalisator betting. Three years later in 1964, the New South Wales (NSW) TAB was established, which allowed betting on two race meetings.
Tabcorp was listed on the Australian Securities Exchange by the Government of Victoria in 1994, who also granted it a wagering and gaming license in the state of Victoria. In 1999, Tabcorp acquired Star City Holdings before buying Structured Data Systems in 2000. The latter acquisition allowed it to develop more advanced wagering and Keno systems.
Tabcorp merged with Jupiters in 2003 and a year later it took over Tab Limited, the NSW wagering and media company, which included the Sky Channel among its assets.
In 2011 Tabcorp demerged its casino operations, which became separately listed as Echo Entertainment Group. The existing wagering, media, gaming and Keno businesses were retained by Tabcorp.
In 2012, the company commenced operations on its NSW license, acquiring ACT TAB and later Intecq, a gaming systems company.
In May 2022, Tabcorp shareholders approved the scheme of arrangement for the demerger of the company's lotteries and Keno operations. From this, the Tabcorp Lottery Corporation was formed.
The Lottery Corporation commenced trading on the ASX in May 2022. The Lottery Corporation operates the brands' Keno and the Lott, and the Lott immediately became a $10bn company on its market debut.
Dr Anthony Lucas, Professor at the University of Nevada, Las Vegas, speaks to Tim Poole on the Huddle about the paper he released this year on the limitations of free play within land-based casinos. He does, however, understand why gaming executives may not jump to embrace his ideas. We discuss:
Greentube's Chief Financial Officer and Chief Games Officer, Michael Bauer, joins Tim Poole on the Huddle to discuss all things Greentube and all things North America.
