• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 19 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Tabcorp reports improved revenue, digital market share in first three months of FY23

Newsdesk by Newsdesk
Wed 26 Oct 2022 at 11:36
Tabcorp cleared as Australian Federal Police close investigation into Cambodia sports betting bribery claims
9
SHARES
232
VIEWS
Print Friendly, PDF & Email

Australian racing and wagering firm Tabcorp has provided an update on its performance for the first three months of the FY23 financial year to 30 September 2022, with group-wide revenue up 18.7% over the same period last year.

Although the prior year period was impacted by COVID-19, Tabcorp pointed to a range of improvements made across the board in recent months since demerging from its lottery business in June.

As a result, revenue in the wagering and media segment was up 14.2% year-on-year in 1Q23 with digital revenue market share improving from 23.9% in the June quarter to 24.7%.

Gaming Services revenue was up 91.7% year-on-year although Tabcorp again noted that the prior year period was heavily impacted by venue closures and fee relief provided to venues.

Particularly pleasing, according to Tabcorp’s Managing Director and CEO, Adam Rytenskild, is the fact that most of those improved results were recorded before the release of the company’s new betting app which allows customers to place bets nine seconds faster than on the old app.

“Our customers love it – we know that because the figures tell us that,” Rytenskild said.

“Compared to the six-week period prior to launch, there’s been a 16% increase in active weekly customers, a 7% increase in the average bet and a 33% increase in reactivations.”

TAB Everest Day, which is highlighted by Australia’s richest horse race The Everest, was TAB’s highest turnover day on a NSW meeting in history, he added.

“We’re making strong inroads on structural reforms that will allow us to compete on a level playing field with our competitors and our gaming services business has secured early wins as it pivots to an integrity services model,” Rytenskild said of the new-look company.

“As you can see, we are moving at pace to transform the company. We want to change quickly and we are.”

RelatedPosts

Entain Australia and New Zealand CEO Andrew Vouris announced as Featured Speaker at Regulating the Game 2026

Entain Australia and New Zealand CEO Andrew Vouris announced as Featured Speaker at Regulating the Game 2026

Sun 14 Sep 2025 at 11:33
Aristocrat in leadership shakeup with former Light & Wonder exec Dylan Slaney to lead online unit, Barry French taking over corporate affairs

Aristocrat in leadership shakeup with former Light & Wonder exec Dylan Slaney to lead online unit, Barry French taking over corporate affairs

Fri 12 Sep 2025 at 07:20
Unhitching Online Poker

Australian government reportedly ready to proceed with gambling advertising reform

Thu 11 Sep 2025 at 14:51
Entain looking to sell Australian pub poker and trivia business

Entain looking to sell Australian pub poker and trivia business

Mon 8 Sep 2025 at 21:34
Load More
Tags: Adam RytenskildAustraliaracingrevenueTabcorpwagering
Share4Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

ARIA executive Ayesha Molino to replace Corey Sanders as MGM Resorts COO

ARIA executive Ayesha Molino to replace Corey Sanders as MGM Resorts COO

by Newsdesk
Fri 19 Sep 2025 at 06:06

MGM Resorts International has appointed ARIA COO Ayesha Molino as its new Chief Operating Officer effective 1 January 2026, replacing the outgoing Corey Sanders. Gary Fritz, currently President of MGM Resorts International Interactive, will take on the role of Chief...

Philippines casino GGR up 630% quarter-on-quarter in 3Q20

Philippines remote gaming industry heading towards period of heavy consolidation

by Ben Blaschke
Fri 19 Sep 2025 at 01:26

The recent surge in Philippine online gaming licensees is likely to enter a period of contraction in the near future, with barely a third of those currently operational generating sufficient revenue to justify their existence. Tonet Quiogue, Partner and Head...

1xBet and Paris Saint-Germain extend partnership for three more seasons

1xBet and Paris Saint-Germain extend partnership for three more seasons

by Newsdesk
Thu 18 Sep 2025 at 22:18

Global betting company 1xBet has extended its partnership with Champions League champs Paris Saint-Germain, retaining its status as the club’s official partner for the next three seasons. The renewal was confirmed during the final day of the 2025 SBC Summit...

Industry lawyer: All hope not lost for Thailand’s deflated casino bill

Industry lawyer: All hope not lost for Thailand’s deflated casino bill

by Ben Blaschke
Thu 18 Sep 2025 at 20:04

Thailand’s controversial Entertainment Complex Bill may be dead in the water, but there remains some hope that it could yet be revived – possibly as soon as early 2026 – according to prominent industry lawyer Lau Kok Keng, Partner and...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English