- Business
- Tabcorp Holdings Limited Tabcorp Holdings Limited (ASX:TAH) is an Australia-based wagering, gaming services and entertainment company that operates through its Wagering and Media segment, providing totalizator and fixed odds betting products via omni-channel platforms including TAB retail agencies, hotels, clubs, on-course operations, internet, mobile devices and phone; global racing media through Sky Racing multi-venue multi-channel broadcasting of thoroughbred, harness and greyhound racing content alongside Sky Sports television and radio networks; and international wagering hub services via Premier Gateway International (PGI) licensed in the Isle of Man for tote pooling; and its Gaming Services segment, delivering electronic gaming machine monitoring, regulatory compliance services, technical support and venue solutions nationwide through the MAX brand, encompassing MAX Regulatory Services and MAX Technical Services in New South Wales, Queensland, Tasmania, the Northern Territory and other Australian states and territories. TAB offers wagering on horse racing, greyhound racing, harness racing and sports events; Sky Racing provides live racing broadcasts, on-demand content via Sky Racing Active app and expert analysis to domestic and international audiences; MAX supplies complete gaming technology platforms, maintenance and industry support for venues, governments and operators to promote responsible gaming. The company, founded in 1881 and headquartered in Melbourne, Victoria, primarily serves retail and digital customers across Australia including Victoria, New South Wales, Queensland, South Australia, Tasmania, the Northern Territory and the Australian Capital Territory, with international reach through media and pooling operations. In June 2024, Tabcorp completed an upfront licence payment of A$600 million for its extended Victorian wagering and betting licence, alongside 19 annual payments of A$30 million commencing August 2025, creating a level playing field for taxes and fees while extending its high-quality portfolio of licences for 20 years; the company reported FY25 revenue growth of 11.8% to A$2.61 billion, EBITDA up 23% to A$392 million and a swing to net profit of A$36.6 million from prior losses, driven by digital expansion, omni-channel integration and cost discipline including A$30 million in targeted FY25 operational savings via headcount reductions and capex cuts to A$110-120 million; strategic shifts encompass enhanced digital competitiveness, AI-driven customer insights, tote market innovation including exploration of a national tote, development of a standalone global media business and appointment of Nick Keenan as General Manager of MAX Gaming; Yarra Capital Management acquired a 5.13% stake in October 2025 amid strong share performance.