Latest news with #Tabcorp
News.com.au
3 days ago
- Business
- News.com.au
Tabcorp boss Gill McLachlan reveals bold, new vision for TAB's 3700-strong retail outlets
WELCOME to renovation rescue - TAB style. Gillon McLachlan's bold, new vision for the future of TAB will gain momentum this week as the wagering giant sets about a revitalization of its 3700-strong retail network. Languishing for too long and losing ground to its opposition as the digital age takes hold, McLachlan has identified bringing TAB's expansive retail offering up to modern day expectations as a key priority. 'We know we can be better,' McLachlan said. 'This will be the biggest upgrade to our retail network in the country's history because we want more people going to pubs and clubs. 'Going forward, there is no more important part of the strategy of TAB than the retail networks, some parts are of equal importance, but nothing is more important. 'We are focussed on turning the old, tired TAB/Pubs into an omnichannel entertainment experience.' The overhaul will see the old electronics betting terminals (EBT's) phased out over time and replaced with modern, smaller and more user friendly EBT's that are similar to the TAB's always evolving App offering. Bigger, more futuristic screens will also be installed across venues which will also see the demise of the teletext system with the old odds screens to be replaced with screens that again mirror the TAB App. 'I call this the death of teletex in venues,' Tabcorp Chief Commercial Officer Jarrod Villani said. 'Rather than the old teletext screens, the first step of the upgrade is to get better, clearer displays to give venues an instant uplift. 'This will start rolling out from this week.' The fresh, new retail rollout will also see 'bump stations' come to life which will offer TAB customers a seamless In-Play betting outlet. While In-Play betting is available on the old school EBT's, the bump stations, currently being trialled in select venues, will allow for a far cleaner experience. By simply placing your phone against the Bump Station, you will be directed to the TAB app live betting option where you can then wager as normal, negating the onerous need to place a call. 'We think this is a real game changer,' Villani said. 'We think it will engage customers across the week because it applies to all sports. 'Why do we think it's such a big game changer? 'In-Play betting is 50% of the global market and it's about 4 or 5% here in Australia.' With upgrades to begin this week across the network, Villani expects the full rollout to take about three years. 'We are going to start an EBT renewal program across the country,' he said. 'There's been a lot of discussion about terminals. Whether you are looking at our terminals or our screens or the way Sky is played - they look like they come from three different organisations. We're on a journey to create one seamless view of the way people should experience TAB. 'The experience on our terminals will be very similar to that on our app, simpler and much easier to understand.'
AU Financial Review
6 days ago
- Business
- AU Financial Review
Tabcorp's Gil McLachlan runs the gauntlet of angry country publicans
The Cobargo Hotel is the centre of town, a sleepy village of 800 people on the Princes Highway as it winds itself south from Sydney and into Victoria. It is also the front line of what could be an almighty brawl between hundreds of country publicans and one of the country's biggest corporate bookmakers, ASX-listed wagering giant Tabcorp. For years, Tabcorp has drifted along, losing market share to international rivals like Sportsbet and Ladbrokes, stuck with monopoly agreements to operate in shops and pubs that were once lucrative and are now increasingly a millstone. Punters, unsurprisingly, are happier to place bets using a phone app rather than through ageing pub terminals.
AU Financial Review
26-05-2025
- Business
- AU Financial Review
Tabcorp unleashes promotions, but turns off commissions for 1300 pubs
More than a thousand hotels would lose all commissions from hosting Tabcorp's wagering venues in their properties under a proposal from the bookmaking giant outlined in detail to publicans on Monday. But the ASX-listed betting group and its new chief executive, Gillon McLachlan, are promising a raft of new promotions available only to punters in pubs – including so-called Tabtime on Saturday afternoon – as they attempt to reset the deals that underpin its retail wagering model.
AU Financial Review
25-05-2025
- Business
- AU Financial Review
Gil McLachlan gambles on pub boss hang-xiety
Last week, Gil McLachlan 's first major move as Tabcorp CEO spilled into public view. This masthead reported on the former AFL chief's proposal for a country-wide renovation of pubs and clubs, sprucing up the Tabcorp-branded gaming caves. The venues don't pay a cent. Crucially, McLachlan is suggesting re-tooling how Tabcorp pays for bets placed in venues, particularly scrapping the flat commissions they enjoy now.
News.com.au
24-05-2025
- Business
- News.com.au
Tuesday is D-Day for Rosehill sale decision
The contentious Rosehill sale proposal will be determined by an Australian Turf Club membership vote on Tuesday. ATC has a membership base of nearly 11,500 and at most annual general meetings, usually less than 2000 cast votes on various issues. But the club expects at least half of members to vote on the proposal to sell Rosehill for at least $5 billion to make way for 25,000 new homes. Postal and online voting closes at 2pm on Sunday and the only other avenue members have to vote is to attend Tuesday's extraordinary general meeting at Royal Randwick. ATC is likely to side with convention and not allow media into Tuesday's meeting. It is understood all votes will be collated and the result announced on the same day. â– â– â– â– â– THE Royal Randwick track surface was in remarkable shape considering the rainfall which swamped Sydney last week. Despite the track receiving nearly 200mls of rain in the lead-up to Saturday's meeting, course manager Michael Wood and his staff were able to present a track rated as a heavy 9 for the opening race. Australian Turf Club Track Manager Michael Wood updates us on tstate of the Royal Randwick surface in the lead up to today’s @Sportingchance_ cancer Foundation Raceday meeting — Australian Turf Club (@aus_turf_club) May 24, 2025 • World famous Dapto Dogs to be shut down â– â– â– â– â– TABCORP chief executive Gill McLachlan has revealed plans to invest millions of dollars to upgrade wagering facilities in pubs and clubs to improve the wagering giant's retail offerings to punters. In an interview with the Australian Financial Review, McLachlan said he wants to 'prioritise the retail experience' including the 3700 venues across the nation which host betting terminals. 'This investment will make pubs and clubs busier and is at the heart of our business,'' McLachlan said. 'We will be injecting unprecedented levels of promotions and new initiatives into our retail network over the next 12 months as we aim to revitalise our retail offering. 'We want to grow the retail network and work transparently with our partners to create alignment on a growth strategy that creates better commercial outcomes for venues.'' McLachlan said the proposal was the 'biggest upgrade to our retail network in the company's history'' and would include more $20 million in wagering credits and special offers to TAB punters betting in pubs and clubs in the new financial year. â– â– â– â– â– Tabcorp's proposal to stimulate betting on their retail network comes as French racing authorities announced huge prizemoney cuts due to a worrying decline in wagering revenues. France Gallop plans to slash prizemoney by about $A35 million per year as it tries to slash costs and bring the sport to a balanced budget by the end of this decade. Although prizemoney for Group 1 races won't change, stakes for other Group and Listed races will be reduced by 8.5 per cent, and other flat races by 4 per cent. France Galop's administrative council has agreed a plan to cut prize-money by €20 million per year in an effort to bring the sport back to a balanced budget — Racing Post (@RacingPost) May 20, 2025 â– â– â– â– â– Champion jockey James McDonald made the trip to Hong Kong overnight to partner favourite Voyage Bubble in the Group 1 Champions and Chater Cup at Sha Tin on Sunday. Voyage Bubble has been dominant over 1600m to 2000m this season but needs to stretch his stamina reserves out to 2400m for the final major of the Hong Kong season. Among his main rivals is England's globetrotting Dubai Honour, winner of three Australian Group 1 races including the Ranvet Stakes - Queen Elizabeth Stakes double in 2023. The William Haggas -trained Dubai Honour returned to Sydney for the autumn carnival this year and won the Tancred Stakes before finishing second to champion Via Sistina in the Queen Elizabeth Stakes. Hong Kong International Vase last December.
