Gillon McLachlan named new Chief Executive at betting company Tabcorp

Former long-serving AFL Chief Executive Gillon McLachlan has been appointed to the top role at the listed betting company Tabcorp.

The appointment, promoted as one that will accelerate growth due to McLachlan’s deep experience in wagering and sports, comes amid growing scrutiny from health professionals, players, gambling addicts and fans who want to break the tight link between professional sports and gambling.

Replacing Adam Rytenskild, who resigned in March, McLachlan is expected to take over as Tabcorp’s Chief Executive in early August, close to a year after he departed the AFL - pending necessary approvals.

He will receive an annual salary of $1.5 million, with a variety of bonuses that could lead to him earning many multiples of his base wage, according to details disclosed on the ASX.

Announcing the appointment today, Tabcorp Executive Chairman, Bruce Akhurst stated “Gill has a deep understanding of sport, racing and wagering, combined with significant commercial acumen which was highlighted in the substantial growth of AFL revenues under his leadership.”

McLachlan, who stepped down from AFL at the end of the 2023 Premiership after a decade as Chief Executive was commended for guiding the game through the logistical and financial disruption of the pandemic, and for championing the growth of the women’s game.

However, his tenure also saw the sport gain increased gambling sponsorships which coincided with a community push against gambling advertisements and promotions - an issue currently being considered by the Federal Parliament.

The 51-year-old will join an Australian wagering company that has been facing public pressure from anti-gambling campaigners and commercial pressure from international bookmakers popular with younger customers, who use their mobile betting apps.

McLachlan said in a statement the challenge of growing the business was appealing, noting “it’s about creating entertainment for our customers in a safe way and providing a unique customer omni-channel entertainment offering across digital, retail and the media business.

“There are enormous opportunities ahead and I’m looking forward to driving the sport category among other things.”

Image: Gillon McLachlan in 2022.