Tabcorp once again tops Dow Jones global sustainability ranking
Tabcorp has again been named the global gambling industry leader in the annual assessment for the Dow Jones Sustainability Index (DJSI).
Today’s announcement means Tabcorp has been ranked global gambling industry leader for 10 of the past 11 years, elevating it above other Australian and international wagering, casino and lottery operators.
The DJSI assesses the performance of the world’s leading publicly listed companies on economic, environmental and social criteria.
Tabcorp was also awarded a 100% score in the “Promoting responsible gaming” category.
“Tabcorp has, over a long period, demonstrated its commitment to responsible gambling and sustainable business practices,” Tabcorp Managing Director and CEO David Attenborough said.
“This is particularly timely recognition, with the Federal Government this week announcing a review into the impact of illegal offshore wagering. Tabcorp has welcomed this review as we believe regulations need to be tightened in respect to unlicensed offshore operators.
“Wagering operators should be licensed in Australia in order to be able to take bets from Australian residents, both to protect consumers and to ensure local racing industries remain viable.
“Tabcorp also continues to advocate for a consistent approach across the country to online gambling, with rules which are enforced.
“The practice of some wagering operators offering online in-play betting, in breach of the IGA, needs to be addressed.
“Differences in areas such as product availability, racing industry fees and taxation are also undermining racing and government funding.
“We take our role as a trusted gambling operator seriously and will continue to invest in responsible and sustainable practices that benefit our customers and the broader Australian community.”
Tabcorp’s operations generated $459.6 million in gambling taxes in the 2015 financial year. The company is also the largest supporter of Australian racing, returning more than $770 million to the industry in the 2015 financial year.
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Financial analysts: Lachlan Fitt, GM Investor Relations and Strategy, 02 9218 1414
Media: Reid Sexton, Corporate Affairs Consultant, 03 9868 2458