AU$225m to AU$275m<\/strong> and ongoing incremental costs of nearly AU$40m to AU$45m.<\/p>\n\n\n\nProposed board lineup for Tabcorp’s spin-off<\/h2>\n\n\n\n
Last October,\u00a0Steven Gregg,<\/strong>\u00a0Tabcorp\u2019s chairman, announced the possible board lineups for the two separate companies. Gregg would chair the lotteries and keno business\u00a0<\/strong>and would be joined on the board by directors Harry Boon and Anne Brennan.\u00a0<\/p>\n\n\n\nSue van der Merwe<\/strong>, the current managing director of the division, would be CEO and Adam Newman chief financial officer. Patrick McGlinchey would serve as chief legal and risk officer and co-company secretary.<\/p>\n\n\n\nMeanwhile,\u00a0Wagering & GamingCo<\/strong>, which would cover wagering, media and gaming services, would be led by Adam Rytenskild as CEO and Bruce Akhurst as chairman. They would be joined by David Gallop, Janette Kendall and Justin Milne as non-executive directors. Dan Renshaw would be Wagering & GamingCo\u2019s chief financial officer upon demerger.\u00a0<\/p>\n\n\n\nTabcorp awarded new 20-year keno licence in Victoria<\/h2>\n\n\n\n
Tabcorp has been awarded a 20-year non-exclusive retail and digital Keno licence in the state of Victoria.\u00a0\u00a0The new licence will take effect from April 15\u00a0<\/strong>when the current exclusive 10-year retail-only licence expires. It will run to 2042.\u00a0<\/p>\n\n\n\nThe new keno licensing regime follows the Victorian Government\u2019s licensing review and subsequent measures to encourage applications. It sees a return to a pre-2012 structure with two licensed keno operators in Victoria. It includes targeted inclusion of digital support.<\/p>\n\n\n\n
Tabcorp, supported by its retail partners, will continue to offer keno games to players in Victoria, supported by prize mergers with other key keno markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Supreme Court of New South Wales has ordered a meeting of shareholders to vote on the proposed demerger of Tabcorp’s lotteries and keno business.<\/p>\n","protected":false},"author":176,"featured_media":20369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Supreme Court of New South Wales has ordered Tabcorp shareholders to vote on the proposed demerger of its lotteries and keno business into two separate entities: Lotteries & KenoCo and Wagering & GamingCo. This strategic move, aimed at enabling standalone valuation and market re-rating, is expected to incur significant separation and ongoing incremental costs. Concurrently, Tabcorp has secured a new 20-year non-exclusive retail and digital Keno licence in Victoria, reflecting a shift in the state's regulatory framework.","focusai_entities":"Tabcorp, Supreme Court of New South Wales, Steven Gregg, Harry Boon, Anne Brennan, Sue van der Merwe, Adam Newman, Patrick McGlinchey, Wagering & GamingCo, Adam Rytenskild, Bruce Akhurst, David Gallop, Janette Kendall, Justin Milne, Dan Renshaw, Victorian Government","focusai_location":"Australia, New South Wales, Victoria","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.8), operator_casino (0.88), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Demerger Financial Impact?","query":"What are the detailed financial projections and synergy realization expectations for Lotteries & KenoCo and Wagering & GamingCo post-demerger, beyond the stated separation and incremental costs?"},{"label":"Keno Licence Competitive Impact?","query":"How will the new 20-year non-exclusive retail and digital Keno licence in Victoria, and the return to a two-operator structure, impact Tabcorp's market share and competitive strategy in the Keno vertical?"}],"footnotes":""},"categories":[16336,157,158],"tags":[13716],"class_list":["post-28633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28633"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28633\/revisions"}],"predecessor-version":[{"id":28647,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28633\/revisions\/28647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20369"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}