26 stories mentioning ASX:TAHUpdated 5d ago
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Tabcorp Holdings (ASX:TAH) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on Sept. 3, according to an Australian bourse filing on Tuesday after market hours.The Macquarie Group now owns 118.9 million shares in the company, representing a 5.18% total voting power, the filing said.
Tabcorp Holdings (ASX:TAH) cut CEO Gillon McLachlan's short-term incentive (STI) outcome by 20 percentage points after applying a risk modifier to his compensation due to regulatory and compliance issues the company faced in fiscal 2026, according to a Wednesday filing with the Australian bourse.The cut offset an increase of 10 percentage points that reflected the executive's "significant individual contribution" to the company's objectives during the fiscal year, resulting in a final STI outcome of nearly 107% of target, per the filing.The company applied the same risk modifier to the STI outcome for CFO Mark Howell, and also made downward adjustments for all other members of the executive leadership team.Tabcorp is the subject of an ongoing investigation by the Australian Transaction Reports and Analysis Centre (Austrac).The company's shares fell 1% in recent Wednesday trade.
Tabcorp (ASX:TAH) logged AU$0.052 in adjusted EPS for fiscal 2026, compared with AU$0.039 a year ago, a Wednesday filing showed.For the 12 months ended June 30, revenue was AU$2.64 billion versus AU$2.61 billion previously, the Australia-listed gambling company added.The board declared a final dividend of AU$0.015 per share, up from AU$0.01 a year earlier, payable Sept. 22 to shareholders on record as of Sept 1.The company expects capital expenditure of up to AU$160 million.
Tabcorp Holdings (ASX:TAH) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on Aug. 12, according to a Tuesday filing with the Australian bourse.Macquarie Group now owns 118.9 million shares in the company, representing a 5.19% total voting power, the filing said.The companies' shares were each down 2% in recent Tuesday trade.
Tabcorp Holdings (ASX:TAH) struck a deal to acquire Betmakers Technology Group (ASX:BET) for AU$0.24 per share, or an enterprise value of about AU$267 million, according to a Monday filing with the Australian bourse.Under the deal, BetMakers shareholders can elect to receive part of their consideration in Tabcorp shares, subject to an aggregate cap of 25% of the total transaction consideration, a minimum Tabcorp issue price of AU$1.Based on the issue price, a maximum of 70.7 million Tabcorp shares could be issued for the deal, representing 3.1% of its issued shares, per the filing.The acquisition is expected to be EPS accretive from the second year and double-digit EPS accretive from the third year, Tabcorp said. It added that the deal will boost its operating efficiency while accelerating the modernization of the company's wagering technology stack.The companies hope to implement the transaction during the third quarter of fiscal 2027, subject to approvals from BetMakers shareholders and regulators.
Tabcorp Holdings (ASX:TAH) said the Australian Competition and Consumer Commission (ACCC) has issued a draft determination proposing to authorize its subsidiary, Tabcorp VIC, to allow Racing and Wagering Western Australia (RWWA) to participate in the SuperTAB totalizator pool, the ACCC said in a statement on Thursday.The ACCC has proposed a six-year authorization period and provided interim approval to allow the arrangement to remain in place while it reviews the application.Stakeholders have until Aug. 20 to submit feedback on the draft determination, following which the ACCC will issue its final decision.
Tabcorp Holdings (ASX:TAH) received notice that Macquarie Group (ASX:MQG) and its affiliates are no longer substantial holders of the company from July 30, according to an Australian bourse filing on Tuesday after market hours.Macquarie Group and its affiliates became a substantial holder of the company on July 29, with a 5.16% total voting power, an earlier filing showed.
Here are the ASX-listed companies with the biggest losses on Tuesday.FireFly Metals (ASX:FFM): -5%, AU$1.77Tabcorp Holdings (ASX:TAH): -3%, AU$0.87Predictive Discovery (ASX:PDI): -2%, AU$0.65The Lottery Corporation (ASX:TLC): -2%, AU$5.49Tamboran Resources CDI (ASX:TBN): -2%, AU$0.23Ampol (ASX:ALD): -2%, AU$39.13Stanmore Resources (ASX:SMR): -2%, AU$2.27Webjet Group (ASX:WEB): -2%, AU$3.46Viva Energy Group (ASX:VEA): -1%, AU$2.75Flight Centre Travel Group (ASX:FLT): -1%, AU$13.16
Tabcorp Holdings (ASX:TAH) and Sportsbet allegedly enticed high-spending gamblers with drugs, escorts, and thousands of dollars per week to keep them betting, the Australian Financial Review reported Monday, citing comments delivered at a Senate inquiry into the Australian government's proposed gambling reform.At the inquiry, Alliance for Gambling Reform boss Tim Costello said account managers at big betting firms had a practice of discovering and exploiting gamblers' vulnerabilities, and explicitly alleged that Tabcorp was among gambling operators who offered drugs and escorts, according to the report.Tabcorp did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
RAS Technology Holdings (ASX:RTH) entered into a new agreement with Tabcorp Holdings (ASX:TAH) to supply domestic racing data and content, including RAS' Fast Form service, for a four-year term, according to a Thursday Australian bourse filing.The license granted to Tabcorp is non-exclusive. The agreement, which began July 1, carries a consideration of nearly AU$2.3 million per annum over the term of the contract, and RAS may also pass through, on a cost-recovery basis, any increases in the cost of provision arising from third-party service provider cost changes.RAS' shares surged 20% in recent trading on Thursday.
Tabcorp Holdings (ASX:TAH) is set to deliver strong second-half results but potential commentary on the impact of regulatory investigations into the wagering giant's compliance issues is expected to overshadow any earnings beat, Jefferies said in a note on Monday.Australia's financial crimes watchdog, AUSTRAC, launched a probe into Tabcorp in May regarding its ability to detect and prevent money laundering.The company is projected to face higher compliance costs over the next 12 to 18 months, with Jefferies forecasting an additional AU$10 million in fiscal 2027 operating expenses related to compliance. This would take annual operating expenses to roughly AU$720 million.The investment firm said it is less concerned about the size of any fine due to the gambling company's strong balance sheet but remains wary of the potential impact on earnings.Jefferies maintained its hold rating and cut its price target to AU$90 from AU$93.
Tabcorp Holdings (ASX:TAH) has paid over AU$2.7 million in penalties after the Australian Communications and Media Authority (ACMA) found it breached Australia's spam and telemarketing laws, according to a Wednesday statement by ACMA.The breaches involved calling numbers listed on the "do not call" register without consent, contacting customers outside permitted hours, failing to properly identify the company during thousands of telemarketing calls, and sending more than 217,000 marketing emails and SMS messages to customers who had opted out of specific communication channels.The ACMA said the breaches revealed serious compliance failures, particularly given the risks associated with gambling marketing and the company's previous AU$4 million spam penalty in 2024.Additionally, the company agreed to a court-enforceable undertaking requiring an independent review of its telemarketing systems, compliance improvements, and ongoing reporting.
The outcome of the Australian Transaction Reports and Analysis Centre investigation and its impact on Tabcorp Holdings (ASX:TAH) remain uncertain, supporting a cautious view on the stock, according to a Monday note by Jefferies.Jefferies noted that the July 1 deadline for implementing the national tote and retail commission changes has passed, although there has been limited communication from Tabcorp or the Principal Racing Authorities on the national tote rollout.The FIFA World Cup is expected to provide a meaningful boost due to favourable time zones and strong retail participation, with around AU$40 million in net revenue forecast across the second half of fiscal 2026 and first half of fiscal 2027, the note added.Jefferies kept a hold rating on Tabcorp with a price target of AU$0.93.The company's shares fell 2% in recent Monday trade.
Tabcorp Holdings (ASX:TAH) received notice that Macquarie Group (ASX:MQG) became a substantial holder of the company on June 30, according to a Monday filing with the Australian bourse.The Macquarie Group now owns 118.8 million shares in the company, representing a 5.18% total voting power, the filing said.
Tabcorp Holdings (ASX:TAH) extended its AU$980 million syndicated term loan facility on better pricing terms, according to a Tuesday filing with the Australian bourse.The maturity date of the facility's AU$430 million tranche A was extended to Oct. 14, 2031, from June 14, 2029, while the maturity of AU$550 million tranche B has been extended to June 14, 2029, from July 31, 2027.The extension, combined with Tabcorp's US private placement and Australian medium-term note debt, increases the company's average debt maturity to 4.4 years from 3.2 years, per the filing.
Tabcorp Holdings (ASX:TAH) said that Aware Super became a substantial holder of the firm as of June 5, after acquiring 5.17% voting power, according to a Friday Australian bourse filing.Aware Super is the beneficial owner of 115.9 million FPOs in the firm, while Aware Financial Services Australia is the beneficial owner of 2.5 million FPOs.
Tabcorp Holdings (ASX:TAH) has an average rating of hold and mean price target of AU$1.01, according to analysts polled by FactSet.
Tabcorp Holdings (ASX:TAH) said L1 Capital acquired about 123.3 million of the company's ordinary shares, representing a roughly 5.4% stake, according to a Friday filing with the Australian bourse.
Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Tuesday.Arafura Rare Earths (ASX:ARU): 41.2 million sharesPredictive Discovery (ASX:PDI): 37.4 million sharesTabcorp Holdings (ASX:TAH): 13.8 million sharesTelstra Group (ASX:TLS): 8.9 million sharesLindian Resources (ASX:LIN): 7.7 million shares
Tabcorp Holdings (ASX:TAH) is set to face a range of possible outcomes from a new investigation into money-laundering risks, and the probe will likely remain an overhang for an extended period of time, Jefferies said in a Thursday note.The Australian Transaction Reports and Analysis Centre (AUSTRAC) is probing the company's compliance with anti-money laundering and counter-terrorism financing obligations, citing concerns about the wagering operator's ability to identify and mitigate risks."Precedent gaming sector Austrac investigations have been long-dated, costly, and have had significant operational impacts," the equity research firm said, adding that prior probes show the risk can extend beyond punitive fines to operating earnings.Jefferies expects the investigation to focus on retail gaming, given the recent regulatory scrutiny around slots and casinos and the revival of retail turnover at Tabcorp. It noted that monitoring a retail network of 3,700 locations could be cumbersome and costly.Tabcorp's operating leverage "has been a core reason for our positive thesis, however in any escalation of the investigation, this could see material operating deleverage," Jefferies said.It downgraded its rating on the company to hold from buy while cutting the price target to AU$0.93 from AU$1.25.Tabcorp shares fell 14% in recent Friday trade.
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