Racing News


Tabcorp revenue climbs to $2.43bn in FY23

Australian wagering operator Tabcorp has reported a 2 per cent increase in revenue for the financial year ended 30 June 2023.

Revenue in FY22/23 was 2 per cent higher year-on-year at AUD$2.43 billion, driven by a 1.9 per cent improvement in Wagering revenue to $1.76 billion.

Media and International revenue added a [...]

1 min read

TAB NZ appoints interim chair as Mark Stewart steps down

TAB New Zealand has confirmed that Mark Stewart will be stepping down at the end of the month after two years as chair, to be replaced on an interim basis by Anna Stove.

Stewart was appointed chair of TAB NZ at the start of the 2021/22 financial year and was instrumental [...]

3 mins read
Churchill Downs

Churchill Downs Inc. announces internal promotions

Churchill Downs Incorporated (CDI) has strengthened its senior leadership team with promotions for Betsy Janes and Justin Paul.

The internal promotions have seen Janes appointed senior vice president of government relations, with Paul assuming the role of senior vice president of operations.

Janes will continue to lead the development and implementation of [...]

2 mins read
Churchill Downs

Churchill Downs Inc. completes Exacta Systems acquisition

Churchill Downs Incorporated (CDI) has completed its previously announced acquisition of Florida-based historical horse racing business Exacta Systems.

Following an initial agreement last December, CDI has paid a total consideration of $250 million to acquire the business, subject to certain working capital and other purchase price adjustments.

Through its ownership of Colonial [...]

2 mins read

ATG revenue declines 2% in first half of 2023

Swedish betting and gaming operator AB Trav och Galopp (ATG) has posted a 2 per cent drop in net gaming revenue (NGR) to SEK2.54 billion in the first half of 2023, despite returning to growth during the second quarter.

The first half year-on-year decline was driven by an 8 per cent [...]

1 min read

GamCare appoints D’Arcy Myers as interim CEO

Britain’s leading problem gambling support organisation GamCare has appointed D’Arcy Myers as interim CEO.

Myers is a highly experienced independent charity consultant with expertise in strategic development and change processes in not-for-profit organisations.

A charity CEO for twelve years, he has successfully led a number of charities through periods of change including [...]

1 min read

South Korea gambling sector recovers strongly in 2022

South Korea’s gambling revenue jumped by 45 per cent to KRW9.61 trillion (€6.6 billion) in 2022, as the country’s gambling sector recovered from the pandemic restrictions of the previous years.

The lottery sector in South Korea was least disrupted by the pandemic and revenue continued to grow in both 2020 and [...]

1 min read

Caesars Racebook continues US expansion with New York launch

Caesars Entertainment has rolled out its Caesars Racebook app in New York, the seventeenth state to go live with the horse racing account wagering platform.

Horse racing fans in the Empire State can now enjoy pari-mutuel wagering on horse racing content from more than 300 tracks around the world, all tied [...]

2 mins read

TonyBet to integrate BetMakers racing solution

Betsson-owned operator TonyBet is set to enhance its horse racing betting offering through an integration with BetMakers Technology Group.

BetMakers’ Embedded Racebook Solution will enable TonyBet customers to access a variety of fixed and pari-mutuel betting options, curated racing content, and live streaming.

“At TonyBet, we strive to provide a quality betting [...]

2 mins read
888 Holdings

888 Holdings sees proforma H1 revenue dip to £881.6 million

888 Holdings has reported a 165 per cent increase in revenue to £881.6 million for the first half of 2023, with growth driven by the acquisition of William Hill’s business outside the United States in July 2022.

On a proforma basis including the results of William Hill in the same period [...]

1 min read

Record Q3 for Golden Matrix Group as revenue tops $11 million

Las Vegas-based Golden Matrix Group has posted record results for the fiscal third quarter ended 31 July, with revenue surpassing $11 million.

The strong performance was driven by RKings Tournament Competitions, the company’s B2C segment in the UK, which generated revenue of $5.8 million from tournament competitions.

A further $1.7 million was [...]

1 min read

Tabcorp extends Sky Racing deal with Flutter’s Sportsbet

Sydney-listed betting and gaming operator Tabcorp has extended its Sky Racing digital rights partnership with Flutter Entertainment’s Sportsbet until 31 July 2036.

The ten-year extension of the existing digital vision supply agreement allows Sportsbet to broadcast Sky Racing 1 and Sky Racing 2 live in their betting app and website, with [...]

2 mins read
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