TLC – The Lottery Corporation

Following a strategic review, the board of Tabcorp Limited (TAH) resolved to demerge its Lotteries and Keno business and on 12 May Tabcorp shareholders overwhelmingly approved the demerger of The Lottery Corporation Limited from Tabcorp.

The Lottery Corporation is Australia’s leading lottery and Keno operator with a portfolio of high-profile, recognised brands and games, with 742 expected employees as at 14 February 2022.

The Lottery Corporation holds exclusive and/or long-dated lottery licences and approvals to operate in all Australian States and Territories (excluding Western Australia), with a distribution network of 3,863 lottery outlets (as at 31 December 2021) as well as its digital platforms.

The Lottery Corporation is also licensed to provide Keno products to venues across New South Wales, Victoria, Queensland, South Australia and the Australian Capital Territory (including digital approvals in the Australian Capital Territory and Victoria). Keno can be played in 3,409 venues (as at 31 December 2021) as well as online.

It is anticipated that TLC will list on the ASX during May 2022.

 

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