$4.6 million fine on Tabcorp for violating obligations
After the Victorian Gambling and Casino Control Commission's investigation, Tabcorp has been fined $4.6 million as a result of obligatory violations.Being Australia's...
Tabcorp names Gillon McLachlan as incoming CEO
Gillon McLachlan will become Tabcorp Holdings‘ next managing director and CEO.
Subject to approval, he will begin his new post on the 5th of August. Until then, he will serve as an observer, while Bruce Akhurst remains executive chairman.
Leading substantial change and transition for a decade, McLachlan served as the CEO of the Australian Football League. From $502 million in 2013 to $1,063 million in 2023, he more than doubled AFL earnings. He also secured the greatest sports television rights agreement in Australian history. He further oversaw the start of the AFLW competition and the expansion of the AFL competition to eighteen teams.
Tabcorp chairman Bruce Akhurst said:
“Gill needs no introduction – he is recognised as one of Australia’s leading CEOs and securing Gill is a great vote of confidence for Tabcorp’s future. We’ve laid strong foundations and Gill brings a growth mindset and the capability to capitalize on the opportunities ahead of us.
Importantly for us, Gill brings an added dimension of having been responsible for some of the most significant media rights deals in Australian sports history and we’re excited about the potential growth opportunities for our wagering and media business under his leadership.”
McLachlan has demonstrated proficiency in overseeing complex stakeholder settings and collaborating with governmental bodies. Being a breeder and owner of thoroughbreds, he also has expertise in racing.
Tabcorp CEO Rytenskild resigns over “offensive” language
Adam Rytenskild, Tabcorp Holdings CEO, resigned amid reports of derogatory language at work, the company announced.Joining Tabcorp in 2000, Rytenskild has been the CEO...
