Lottery Corp, AU0000219529

Lottery Corp stock: CFO Newman plans July 2027 exit as investors assess Lottery Corp stock

Published on 10/24/2026 at 02:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adam Newman leaves on July 1, 2027 after four years as CFO. FY26 revenue fell 2.9 percent to AUD 3.58 billion as investors assess Lottery Corp stock.

CFO transition and results

Adam Newman is scheduled to leave on July 1, 2027, after the FY26 finance cycle.
FY26 revenue fell 2.9 percent to AUD 3.58 billion, while EBITDA before significant items reached AUD 736.1 million.
The last available euro quotation stood at EUR 3.24 on October 13, 2026.

Lottery Corp, AU0000219529, Illustration mit AI erstellt.

Lottery Corp (AU0000219529) faces a July 1, 2027 CFO departure after iGaming Times reported that Adam Newman plans to leave the finance role and pursue a portfolio career. The transition follows a difficult FY26, with revenue down 2.9 percent to AUD 3,576.6 million.

Finance chief sets July 2027 handover

Newman has led the finance function since the 2022 demerger from Tabcorp and helped establish the company as a standalone listed business. His remit expanded in 2026 to include legal, risk, cyber and technology services, making the succession process broader than a conventional finance appointment, according to Capital Brief.

The leadership change comes after Lottery raised AUD 800.0 million through notes in September 2026 to support its Victorian Public Lottery Licence extension. The licence runs for 40 years, while the company is also preparing for regulatory changes affecting online Keno from January 2027.

Three dates define the transition

On March 5, 2026, Lottery outlined an operating model that widened Newman's responsibilities. On October 7, 2026, the company announced his planned departure effective July 1, 2027. On October 8, 2026, Genevieve Ryan became company secretary, according to iGaming Times.

What does the handover change?

The FY26 figures explain why the successor matters. At its October 14, 2026 annual meeting, Lottery reported revenue of AUD 3,577 million, EBITDA before significant items of AUD 736.1 million and reported NPAT of AUD 284.6 million, according to Quartr. Base-game turnover grew 5.6 percent, while unusually low jackpot activity reduced turnover by AUD 700 million against model expectations.

The immediate test is capital discipline. The company is funding a long licence commitment while investing in digital engagement and managing regulatory costs. Investors will therefore have to judge whether the next finance chief can preserve the balance between debt, technology spending and lottery operations.

Euro quotation remains dated

The last available euro quotation stood at EUR 3.24 on gettex on October 13, 2026 at 10:43 p.m. CEST. The business reported FY26 EBITDA before significant items of AUD 736.1 million and statutory NPAT of AUD 284.6 million, giving the succession story a measurable financial backdrop.