As McLachlan jumps to Tabcorp, sport’s gambling addiction grows stronger (18 June 2024)
Article summary: The article delves into the complexities surrounding Gillon McLachlan's transition from AFL CEO to his upcoming role as Tabcorp CEO. Set to formally start on August 5, McLachlan steps into a challenging environment, marked by a $600 million payment to the Victorian government for a new wagering licence. His tenure at the AFL saw significant financial growth, heavily supported by gambling revenues, a stark contrast to Tabcorp's current struggles in a competitive market dominated by foreign online bookmakers.
Kate Chaney, Curtin's independent MP, critiques McLachlan's career choices, highlighting the deep entanglement between sports and gambling. In a recent tweet, she pointed out that McLachlan’s decision to choose between three gambling-related jobs underscores the normalisation of this relationship. Her comments reflect broader concerns about the influence of gambling in Australian sports and its societal impacts.
Chaney’s observations align with criticisms of the Albanese government's delays in addressing gambling-related issues, including a proposed ban on gambling advertising, which remains unimplemented. This delay is notable given Tabcorp's support for such a ban, contrasting with the AFL’s stance under McLachlan’s leadership, which has benefitted from extensive gambling sponsorships.
The article underscores the scepticism surrounding McLachlan's new role, given his lack of experience in listed companies and the wagering sector. Despite endorsements from influential figures like Peter V’Landys, there are doubts about his ability to navigate Tabcorp through its current challenges, including its shrinking market share and shareholder dissatisfaction.
In summary, McLachlan’s appointment as Tabcorp CEO represents a significant shift from his AFL days, with independent MPs like Kate Chaney voicing concerns about the pervasive influence of gambling in sports and questioning the suitability of his new role.
Related article: Alarm over betting ads (15 June 2024)
