The Dark Side of Australia's Racing Industry

Tatts / Tabcorp - Have the Odds Shifted in Tabcorp's Favour?

Tabcorp's Interim Fiscal 2017 Result Shows Traditional Wagering Remains Under Pressure

Chief Investment Officer, KIS Capital Partners

Josh Best

Chief Investment Officer

Boutique absolute return fund manager

KIS Capital Partners

KIS Capital Partners is a boutique absolute return fund manager based in Sydney, Australia with an Asia ex Japan trading focus. We believe that an absolute return fund should be risk and performance focused with strong attention to investment differentiation. Absolute return funds should not be asset gatherers. We invest alongside our clients in liquid and transparent markets with a focus on pragmatic and vigilant risk management.

Equity Bottom-Up

The <a href="https://www.smartkarma.com/entities/6837" target="_blank" data-smartkarma-citation="entities:6837:1">Tabcorp (TAH AU)</a>-<a href="https://www.smartkarma.com/entities/14615" target="_blank" data-smartkarma-citation="entities:14615:1">Tatts (TTS AU)</a> merger has been the source of much press over the last few months. Our attention, however, has been caught and held by a far smaller news story – the launch of bookmaker TopBetta’s wholesale product, the Global Tote. This presents a quintessential disruption play, with a fast-moving innovation coming up against a lumbering incumbent.

The Tabcorp (TAH AU)-Tatts (TTS AU) merger has been the source of much press over the last few months. Our attention, however, has been caught and held by a far smaller news story – the launch of bookmaker TopBetta’s wholesale product, the Global Tote. This presents a quintessential disruption play, with a fast-moving innovation coming up against a lumbering incumbent.

Tabcorp & Tatts – Monopolies and Innovators

Tabcorp Ltd

Tabcorp & Tatts – Monopolies and Innovators