Tabcorp Revenue Hits AU$2.64B as BetMakers Deal Moves Into Focus

Tabcorp (ASX: TAH) reported a small increase in full-year revenue to AU$2.64 billion ($1.89 billion), as the Australian gambling giant pointed to its proposed BetMakers acquisition as a key part of its next phase of growth.

The results, for the year ended June 30, 2026, saw revenue nudge up 0.8%. Group EBITDA climbed 10.3% to AU$431.7 million ($309.7 million). Net profit after tax before significant items jumped 43.6% to AU$71.1 million ($51.0 million).

The majority of the revenues came from Tabcorp’s wagering and media division, which accounted for AU$2.45 billion ($1.76 billion).

Domestic wagering revenue increased 0.9%, while international wagering revenue fell 3.7%, predominantly due to weaker trading in Hong Kong during the second half.

BetMakers Central to Next Growth Phase

CEO Gillon McLachlan said Tabcorp is now ready to move into the “growth phase” of a turnaround plan first launched two years ago.

Much of Tabcorp’s strategic focus is now on its proposed acquisition of BetMakers Technology Group, announced earlier in August.

Tabcorp has agreed to acquire the wagering technology supplier for AU$283 million ($200 million). Completion is targeted for the third quarter of FY27.

McLachlan described BetMakers as an opportunity to modernize Tabcorp’s technology while establishing a “global B2B growth engine.”

“We believe with BetMakers, we can create new products faster and more cheaply, uplift capability in our workforce, and benefit from complementary assets to grow scale and diversify internationally,” he told investors on an earnings call.

McLachlan also revealed he has personally spoken with some of BetMakers’ largest Australian customers following the announcement.

He said the conversations were designed to reassure rival operators that they would continue to receive a professional service after BetMakers comes under Tabcorp ownership. BetMakers counts Ladbrokes, Sportsbet, and Penn Entertainment among its customers.

“I think people appreciated the calls,” McLachlan said.

McLachlan Backs ‘Sensible’ Gambling Ad Reforms

Regulation was another focus of the earnings call. Tabcorp confirmed there has been no further development in AUSTRAC’s ongoing investigation into the company.

Australia’s financial intelligence agency launched an investigation into the company’s compliance with anti-money laundering and counterterrorism financing obligations in May. The company’s share price dropped a quarter when the investigation was announced.

Tabcorp said it continues to cooperate with the regulator while progressing a financial crime compliance program that it began in 2024.

McLachlan was more upbeat about new restrictions on gambling advertising, which are due to take effect from January. He described the reforms as “sensible” and said their expected impact has already been incorporated into Tabcorp’s FY27 outlook.

The company has fallen foul of existing rules on several occasions of late. In July, it received an AU$2.7 million (US$1.9 million) fine from the Australian Communications and Media Authority for spam and telemarketing breaches. 

Addressing the new rules, McLachlan said Tabcorp is well placed compared with competitors because of its extensive retail footprint. He also noted that some of the proposed responsible gambling measures are practices Tabcorp already follows.

Tabcorp expects the wagering turnover environment in FY27 to remain broadly similar to FY26, while capital expenditure is set to increase as it continues investing in new betting terminals.