Tabcorp is Australia's largest gambling company, employing more than 5,000 people. It is the largest provider of wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX). History In 2017, Tatts Group combined with Tabcorp Holdings Limited to create a diversified entertainment group under the Tabcorp brand. The following year UBET was transitioned back into the flagship TAB brand. In July 2021, Tabcorp announced it would spin off its lotteries and keno business into a separate listed company, with Tabcorp retaining its wagering and media arm. Tabcorp history In 1961, the Victorian TAB (Totalisator Agency Board) was established, legalising off-course totalisator betting. Three years later in 1964, the NSW TAB was established, betting on two race meetings on its first day at Canterbury and Menangle. Tabcorp was listed on the Australian Securities Exchange by the Government of Victoria in August 1994, operating a wagering and gaming licence in Victoria. In 1999, Tabcorp announced the acquisition of Star City Holdings and in 2000 it acquired Structured Data Systems which developed wagering and Keno systems and animated games. Tabcorp merged with Jupiters in November 2003 and in 2004 took over Tab Limited, the New South Wales based wagering and media company, including Sky Channel. Matthew Slatter became CEO of Tabcorp in 2002, and oversaw the merge with Jupiters in 2003. However, after a 10% fall in profits in early 2007, he was sacked by the Tabcorp board. In 2011, Tabcorp demerged its casino operations resulting in Tabcorp's casinos business being separately listed as Echo Entertainment Group. The existing wagering, media, gaming and Keno businesses were retained by Tabcorp. In 2012, Tabcorp commenced operating Victoria's new Wagering and Betting Licence. In 2014 Tabcorp acquired ACT TAB. In 2016 Tabcorp acquired the gaming systems company Intecq. In May 2022, Tabcorp shareholders approved the scheme of arrangement for the demerger of the Lotteries and Keno business The Lottery Corporation from Tabcorp. The Lottery Corporation commenced trading on the ASX on 24 May 2022. The Lottery Corporation operate the brands The Lott and Keno. Controversies On 16 March 2017, Tabcorp was fined 45 million for breaching money-laundering laws. Suspicious behaviour on 108 occasions was not reported to the Australian Transaction Reports and Analysis Centre (AUSTRAC). On 22 August 2007, an investigation by news.com.au reporters Will Temple and David Higgins revealed claims that Tabcorp had secret approval from the NSW