Scientific Game

2017 Inside Asian Gaming Power 50: Number 28 - David Attenborough

Tuesday, 05 December 2017 13:17
Share
Visit us


28 David Attenborough

MANAGING DIRECTOR AND CEO
Tabcorp Holdings

POWER SCORE
908

LAST YEAR
31

CLAIMS TO FAME
• 27 years of industry experience in England, South Africa and Australia
• Heads Australia’s biggest racing and wagering company

As if looking after Australia’s racing and wagering giant Tabcorp wasn’t enough, Managing Director and CEO David Attenborough has spent much of 2017 overseeing a proposed AU$11 billion merger with fellow gaming conglomerate Tatts Group. And it has been far from smooth sailing.

Originally announced in October 2016, the deal took an unexpected twist early this year when Tabcorp revealed it would sidestep the usual regulatory review process with the Australian Competition and Consumer Commission (ACCC) and seek direct approval from the Australian Competition Tribunal instead. The Tribunal promptly obliged but was immediately called into question by the ACCC which successfully applied to the Federal Court for a judicial review.

As a result, in mid-September the Federal Court ruled against approval of the merger and referred it back to the Tribunal for further consideration. It wasn’t until late November – when the Tribunal again ruled the merger should go ahead – that the official green light was given.

The merger is a huge deal for the Australian racing industry and most importantly for Tabcorp. The new conglomerate will hold a virtual monopoly on para mutual betting and control racing vision across the country through its Sky Racing network, with the goal being a national tote and larger betting pools similar to Hong Kong and Japan.

Mergers aside, it has been business as usual for Attenborough with Tabcorp booking a 5.7% revenue increase in the latest quarter to AU$579 million on the back of its core TAB wagering segment. The company is also making strides in the digital segment, where turnover grew 17% to AU$1.13 billion.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

Current Issue

2017 Inside Asian Gaming Power 50: Meet the Selection Panel

2017 Inside Asian Gaming Power 50: Meet the Selection Panel Andrew W Scott CEOInside Asian Gaming Inside Asian Gaming’s CEO first entered a casino in 1986, fell in love with the surrounds and has been around them ever since. Andrew founded World Gaming Group and launched WGM in 2009, took over IAG in 2015, debuted a third magazine called High Life in ... Tuesday, 05 December 2017 19:28

2017 Inside Asian Gaming Power 50: Ten Years On

2017 Inside Asian Gaming Power 50: Ten Years On A decade of making the Asian Gaming Power 50 By Andrew W ScottIAG Asian Gaming Power 50 selection panel Chairman EVERY year for the last decade, Inside Asian Gaming has completed a task that is fascinating, exhilarating, intellectually stimulating and industry-defining whilst simultaneously bei... Tuesday, 05 December 2017 19:12

2017 Inside Asian Gaming Power 50: Number 19 -  James Murren

2017 Inside Asian Gaming Power 50: Number 19 - James Murren 19 James Murren CHAIRPERSON AND EXECUTIVE DIRECTORMGM China Holdings POWER SCORE1,165 LAST YEAR12 CLAIMS TO FAME • Chairman of the world’s second largest casino company • Credited with keeping MGM Resorts afloat during the GFC If the strong domestic results achieved by MGM China’s pa... Tuesday, 05 December 2017 14:44

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong 18 Chen Lip Keong CEO AND EXECUTIVE DIRECTORNagaCorp POWER SCORE1,234 LAST YEAR20 CLAIMS TO FAME • Casino monopoly within 200 kilometers of Phnom Penh runs to 2035, license to 2065. • Owns 65% of first gaming company ever listed in Hong Kong • NagaWorld extension Naga2 debuted in Novemb... Tuesday, 05 December 2017 14:39