Tabcorp CEO Adam Rytenskield. Source: SBC News

Tabcorp CEO Criticizes Australian Regulation at Sydney Conference

During a conference in Sydney, Adam Rytenskilde, the Managing Director and CEO of Australian operator Tabcorp, expressed criticism of the regulatory approach to gambling in the country. Rytenskilde warned against ineffective regulation, suggesting it could lead to the market being inundated with brands exploiting consumers without proper oversight. He called for a review of the regulatory strategy to ensure its effectiveness.

This criticism comes amidst a legal dispute between Tabcorp and rival Ladbrokes over the latter's establishment of lounges in pubs and clubs across Australia. These lounges are part of an agreement between Ladbrokes and the Australian Hotels Association (AHA) aimed at promoting the online bookmaker's brand through a branding campaign.

Tabcorp, which holds an exclusive license for land-based bookmakers across much of Australia, has initiated legal action to obtain more information about the deal between the AHA and Ladbrokes. The organization's management alleges that the agreement violates Tabcorp's exclusivity clause.

14 March 2024, 15:45

People Australia

People

Merkur Group founder to step down as chairman after 67 years at the helm

29 September 2024, 09:22

Hiring Talent from Different Industries: Why and How?

26 September 2024, 09:09

EveryMatrix Appoints Former Entain Employee as Product Director

23 September 2024, 17:03

Prominent Casino Player to Host Show with SportsGrid

22 September 2024, 15:00

UFC President Wins $1 Million in Casino in One Night