🔒 🔒 Dabble chief executive Tom Rundle to depart

Chief executive Tom Rundle will depart Dabble at the end of the month, ending his six-year association with the online betting business, with co-founders Dave and Jon Robin to step in and assume its day-to-day running.

In a statement issued to The Straight on Tuesday, Dabble confirmed the biggest executive change in the six years of the global company, which began as a start-up in 2020.

“Tom has been an incredible CEO for Dabble, joining us in July 2020 and being our first and only CEO up until now,” Dave Robin said.

“During that time, we have grown from an idea to a global business operating in Australia, the US, and the UK, serving more than 3 million customers.”

Robin said the departure of the chief executive would not change the company’s direction.

“Dabble will continue to focus on building the best betting experience for its customers and taking that experience to as many people around the world as possible,” he said.

“We have more belief in the opportunity for Dabble than we have ever had, and are very excited about the future of the business.”

Headquartered in Darwin and licensed by the Northern Territory Racing and Wagering Commission, Dabble has operated its Australian sportsbook since July 2021. Its product is built around social betting.

Customers can follow other users, share their activity and copy bets, while live channels carry in-app conversation.

Tabcorp bought into the business in October 2022, investing $33 million for a 20 per cent stake. Tabcorp’s holding had grown to 23 per cent by August this year, according to its annual report.

Dabble entered the US in October 2023 with a daily fantasy sports app, not its Australian sportsbook, and based its operation in Austin, Texas.

The UK followed in May 2025, with Leeds as its base. Ahead of that launch, Dabble expanded its partnership with BetMakers, which agreed to supply its Price Manager technology for both the Australian and UK markets alongside its Racelab form product. Rundle credited the BetMakers relationship with a key role in Dabble’s Australian racing offering.

The expansion coincided with a sharp revenue lift. Dabble recorded FY25 revenue of $274.2 million, up 133 per cent year-on-year, and profit of $16.8 million, figures disclosed through Tabcorp’s annual reporting.

Jon Robin described it as the company’s first profitable year.

In September, the Australian Communications and Media Authority announced Dabble had paid $1,069,200 in penalties for breaching self-exclusion rules.

The regulator found the operator failed to close 157 accounts after their holders registered with BetStop and sent 839 electronic messages to 165 self-excluded people.

Dabble also gave a two-year undertaking, enforceable in court, committing to have its compliance systems independently reviewed and to invest in the recommended improvements.