I found this article from the Eureka Report written by Stephen...

I found this article from the Eureka Report written by Stephen Mayne in July last year. Starting to think Tripp is backing Tabcorp into a corner and the BET bid will start to look appealing especially if FOXbet launch in Australia to take additional market share off Tabcorp. Will be an exciting few weeks/months.

Tabcorp: should the chair and CEO go in the same announcement? When a company has underperformed, as Tabcorp has done in recent years, it is not usual for the chair and CEO to depart in quick succession.After significant agitation by institutional shareholders, that’s what happened last week when Tabcorp announced that chair Paula Dwyer would depart at the end of the year and CEO David Attenborough would leave in the first half of 2021.They have served together as the leadership duo at Tabcorp since June 9, 2011, which is when the Star Entertainment casino demerger came into effect. The share price performance was fine up until January 2018 but they have been living on borrowed time ever since as the synergies from the Tatts Group merger failed to materialise and the share price fell away.It is fine for chair and CEO departures to be simultaneously announced, provided it doesn’t actually happen simultaneously and there is some orderly sequencing, preferable with the chair going first so that the new chair can lead the process for selecting the new CEO.I did this chairman’s interview for The Constant Investor with incoming Tabcorp chair Steven Gregg in 2018, plus also interviewed him at the 2018 ASA conference in the “grill the chairs” session. He’s an impressive guy and I rate him so the board has hopefully made a good decision. As for the new Tabcorp CEO, the board should go for an outsider. Indeed, Tabcorp could do a lot worse than paying serial gambling entrepreneur Matthew Tripp and two or three of his key lieutenants a combined $10 million a year to run the business. Tripp and his crew have been the key disruptors in the online gambling market over the past 20 years through Sportsbet, Crownbet and then Beteasy. His father Alan Tripp, now a wealthy resident of Vanuatu, was a controversial SP Bookie who often operated whilst battling law enforcement in the 1970s and 80s.Matthew Tripp is now out of Beteasy which has been killed off as a brand after an offshore merger with Canada’s The Stars Group turned Ireland’s Flutter Entertainment into the world’s biggest online gambling company. It owns Sportsbet and Beteasy in Australia, which used to include the old data bases of Crownbet, William Hill Australia and Tom Waterhouse’s operation when Tripp was running the operation. Rather than have Tripp’s crew launch another online gambling start-up to yet again cut Tabcorp’s lunch and steal some value back off Flutter, Tabcorp should consider making him CEO of the whole show because he knows how to run a gambling business better than anyone at Tabcorp and he and his dad have spent more than 40 years competing against the old state-run TABs.