Green TAB sign
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Tabcorp Holdings (ASX:TAH) has seen its shares jump by more than 5% after the betting company appointed Michael Fitzsimons – the current executive officer of the Hong Kong Jockey Club (HKJC) – as its chief wagering officer.

In his new role, Mr Fitzsimons will oversee all core wagering functions including digital, retail, tote, trading, product, and marketing. He brings more than 20 years experience in global sports betting experience across Europe the U.S., and Asia.

The position was created as a result of Tabcorp’s simplified Executive Leadership
Team structure – announced in December last year – which evolved to ensure that all wagering functions will fall under one executive.

At HKJC, Mr Fitzsimons has been in charge of strategy, trading, marketing, data, and product development for fixed odds, parimutuel, and lottery products. His current role encompasses oversight of one of the world’s largest totes, including the World Pool platform, along with Risk Management of China Sports Lottery’s 120,000 betting branches.

His prior experience includes the Stars Group, where he was director of International Trading and Operations; a role in which he successfully launched the PokerStars Sportsbook and relaunched SkyBet in Germany and Italy.

He is also on the executive of the World Tote Association (WoTA).

Tabcorp managing director and CEO elect Gillon McLachlan said bringing Mr Fitzsimons on board was an important achievement for the company, especially considering he’s “one of the world’s most sought-after wagering executives.”

“He has a deep knowledge of international sports betting, trading and tote,” he said.

“Michael is a rare find – he knows digital and retail wagering and is one of the few people in the world who can connect both to grow a wagering product.”

Tabcorp last traded at 62.2 cents – a rise of 5.5% since the market opened.

Join the discussion: See what HotCopper users are saying about Tabcorp Holdings and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

TAH by the numbers
More From The Market Online
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Bourse to land flat but CBA bowling over expectations may change that | Feb 12, 2025

It’s starting to look like a flat Wednesday, with Aussie futures now pointing to a near-unnoticeable 0.
The Market Online Video

ASX Market Close: Bourse trades flat as Trumps flags possible tariff exemptions | February 11, 2025

The ASX200 closed flat at 8,484 points.
The Market Online Video

‘Humming along’: Cloud computing provider ‘primed for a run’ is Hot Stock tip this week

Data #3 Limited (ASX:DTL) is the HotCopper Hot Stock tip picked out by Wealth Within analysts 
The Market Online Video

ASX Market Update: Albanese scores steel, aluminium tariff exemptions | Feb 11, 2025

The ASX200 has been up 0.08% at 8,490 points.