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Investor Presentaiton

The Case for Selling the TAB The TAB has served WA racing industry well for many years under public ownership. However, the TAB is the last remaining standalone, State owned TAB in a rapidly changing and increasingly competitive wagering market Key Challenges Rationale/Considerations 1 Intense competition from larger, domestic and international corporate wagering operators with strong economies of scale Larger scale private operator may be better placed to address these challenges over the longer term 2 Customer preferences shifting from TAB's traditional strengths with trend to online, fixed odds and sports Mitigate many risks associated with being a smaller regional operator vs national larger scale operators More reliable revenue stream for the racing industry 3 Reduced scale relative to competitors that can constrain the TAB's investment in marketing and technology Reduced control over wagering activities Consultation Forums | Future of the Western Australian TAB 5
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