Tabcorp CEO Adam Rytenskild resigned after an allegation that he used offensive language, according to reports. Rytenskild said he did not recall making the alleged comment and had agreed to step down; chairman Bruce Akhurst will serve as executive chairman while the company searches for a replacement.
The CEO’s resignation leaves Tabcorp under executive-chairman leadership while it seeks a replacement.
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Fitch said slower earnings growth and heavy capital spending are keeping leverage high among gaming operators in Asia-Pacific, with recent downgrades linked to company-specific pressures. It expects Genting Bhd's net leverage to remain above 4.0 times over the next three years and Genting New York's annual capital spending to average around US$800 million over the medium term.
Victoria’s regulator fined Tabcorp $350,000 in July for telemarketing breaches. The penalty followed an earlier fine from the Australian Communications and Media Authority within the preceding three months.
Victoria's VGCCC fined Tabcorp AU$350,000 over shortcomings in implementing mandatory multi-factor authentication. The penalty concerns the Australian racing and wagering operator's authentication requirements.
Tabcorp recorded FY 2026 revenue of AUD2.6bn. The report linked the result to improved trading conditions and said a BetMakers acquisition was approaching.
Tabcorp reported FY26 revenue of $2.6bn. Chief executive Gillon McLachlan told ASX investors that the company could absorb the effects of Australia's newly approved gambling advertising reforms.