Wagering

While Tabcorp is preparing for a business reset under Gillon McLachlan, the results were much better in 2024 for two rival wagering companies listed on the Australian Stock Exchange.

It’s been 40 years since Mark Read led a successful Melbourne Cup plunge on Black Knight. One of racing’s great thinkers, Read says there has been no other race like it for wagering.

Depending on who you ask, sports betting is either the biggest threat to wagering on racing or it can prove an unlikely saviour to a stumbling commercial model. Bren O’Brien examines how the growth of sports betting has a range of complex implications for the racing industry.

Three new executives have been appointed to help guide Gillon McLachlan’s plans to revive the fortunes of once mighty wagering giant, Tabcorp.

The wagering industry claims it was blindsided by a decision by the federal government to remove its access to a key research and development tax credit.

One of Australia’s biggest wagering companies could face significant penalties over allegations of non-compliance with Australia’s anti-money laundering and counter-terrorism financing laws.