Tabcorp appoints Janette Kendall as non-executive director

Janette Kendall, a former Galaxy Entertainment director, has been appointed as a non-executive director at Tabcorp.

Australia.- Tabcorp has announced that Janette Kendall has been formally appointed as a non-executive director following the receipt of all necessary regulatory approvals.

Kendall joined the Tabcorp Board initially as an observer last September. She previously worked as senior vice president of marketing at Galaxy in China and has served as executive general manager of marketing at Crown Resorts.

Paula Dwyer, Tabcorp Chair, praised Kendall’s experience in the gambling and entertainment industry.

Tabcorp revenue up 8.8 per cent for fiscal Year 2021

Tabcorp has revealed its financial results for the fiscal year 2021, reporting revenue up 8.8 per cent, while EBITDA grew 11.3 per cent year-on-year. Statutory net profit after tax went from a loss of AU$870m in FY20 to a profit of AU$269m in FY21. 

The lotteries and Keno unit saw digital turnover rise 30 per cent despite below-average jackpots and a resilient performance in retail. The Wagering & Media unit saw revenues of AU$2.3bn, up 10 per cent year-on-year. Digital wagering turnover grew 27 per cent.

Tabcorp said its gaming services unit was affected by Covid-19 restrictions and lockdowns, mainly in the state of Victoria, which led to a fall of 17.2 per cent.

The company has recently announced it will roll out an artificial intelligence (AI) programme to predict the results of American Football games. 

The strategic move is aimed at helping the operator to avoid losing ground to rivals such as Ladbrokes and Sportsbet as players turn to online gambling amid the Covid-19 pandemic.