Tabcorp TAB

But the problem is, Sam, four years ago, there was a billion dollars on the table and that deal fell over at the very last moment involving bidder.

There's only one buyer, really, and that's going to be Tabcorp.

I can't see anyone else coming in for them.

Entain, not really, probably not.

And there's probably not anyone else that's sort of big enough.

I don't think sports better want to get involved there.

So, you know, what's it worth to get involved? Well, Tabcorp, strategically, it makes sense for them.

But, yeah, there's also an unresolved AUSTRAC assessment going on at the moment at WA Tab, which obviously Tabcorp has got its own AUSTRAC sort of challenges at the moment.

The CEO of Codan has got a pay rise after the company's share price tripled in two years and full year '26 profit jumped almost 70%.

Tabcorp a little lower.

Now it has a near 23% stake in Dabble.

And Dabble was fined $1 million for failing to close 157 Betstop-linked accounts and sending marketing to 165 excluded users.

But certainly, I think I used the analogy in the newsletters today, certainly Betfair fired up the bulldozer and got things moving.

And, you know, Tabcorp had gone from an absolute monopoly or near-monopoly to you know holding sort of 20 of the market now you know that's tub corp's challenge to try to re spark that from a digital point of view and other things that they're trying to do but yeah it it yeah i think in our time sam it's probably the greatest overhaul we've seen but i think they've been part of it and they probably were the spark that started it but whether you know what goes on

from here be interesting to see what happens I think that's the right word, spark.

I think it was always the forest there was dry, it was tinder dry, but then it did someone to light the spark to remove that monopoly away from tab core and create the opportunities for people to come in like the major betting companies that we do have now.

JB Hi-Fi down 2.2% and Eagers down 2.4%.

Only two names in the green on my screen, which was Guzman Gomez and Tabcorp.

Technology names failing to bounce back after dropping yesterday.

Our decision in the growth portfolio to exit our last few exposures looking good for a second day.

In Brady and Bloodstock, we'll discuss the changing role of two-year-old racing, the disappearance of the American shuttle stallion, and what the ready-to-run market is telling us about buyer demand on both sides of the Tasman.

In wagering, Tabcorp unveils the branding behind its long-awaited national tote, while the company continues to expand its list of banned customers and edges closer to completing its betmakers acquisition.

We also have a chat with social media influencer Ben Scarfe about his likely move overseas.

Tim, let's start with a story that's captured the imagination of racing fans over the last couple of days.

In the meantime, the story we put up in Australia this week, there was a recent, I describe it as a swathe of punters.

Numbers-wise, it's probably high single figures as far as I can see, but there may be more that I don't know about.

That event recently put on the Tabcorp banned list, not permitted to transact with them for a variety of reasons.

It's an interesting story.

And we'll look at the record-setting Inglis breeding race catalog and what it says about demand across the market for bred up horses.

In Wagering, we assess Tabcorp's latest signs of recovery, the impact of Australia's new gambling laws and offshore threat.

The bookmakers say it is growing.

Tim, let's start with racing reform, where uncertainty remains the dividing theme on both sides of the tavern.

Uh, we've got a short-term trade on Ramsay at the moment.

Tabcorp, Woolies, uh, and, uh, the ones I ran through there as well.

Um, so and th- there are a bunch of others reporting numbers today in the smaller cap space.

So Lovisa, uh, would be one of those.