Australian gaming company Tabcorp has confirmed that it will acquire betting technology supplier BetMakers Technology Group in a deal worth $195 million to improve the...
Australian wagering group Tabcorp has reported stronger profitability for the first half of 2026, with group revenue increasing by 0.8% year-on-year to AU$2.64 billion.
EBITDA before significant items climbed 10.3% to $431.7 million, while statutory net profit rose by 26.5% to $46.3 million, and profit before significant items increased 43.6% to $71.1 million.
The CEO and Managing Director of Tabcorp, Gillon McLachlan, commented:
“Midway through our turnaround journey, we’re executing on the plan, continuing to exercise cost and capital discipline, and the Company is delivering earnings growth. The first two stages of our transformation were to get fit and operationalise our game plan. We’ve done that, and we’re ready to enter the growth phase of our transformation.”
Tabcorp’s Wagering and Media division generated $2.45 billion in revenue, up 0.7%, while segment EBITDA grew 9.9% to $361.8 million.
Domestic betting turnover increased just 0.9%. Sports betting was the stronger performer, with turnover up 8.3%, while racing turnover declined by 1.1%. Digital domestic betting revenue was mostly flat, rising just 0.3%. International wagering revenue fell by 3.7%, mainly because of weaker trading in Hong Kong during the second half.
Looking ahead, Tabcorp expects domestic wagering turnover growth in full-year 2027 to remain broadly in line with full-year 2026, excluding the impact of the FIFA World Cup. The company also plans capital expenditure of up to $160 million and expects operating costs to rise by 3% to 3.5%.
