This is driving our sense of urgency, and we believe we are now taking the appropriate actions to recover lost ground. We recognize that and we're changing that. Tabcorp with Lotteries & Keno didn't have the structure and capability to win in wagering digital markets. Our 2 largest retail markets were shut down for 16 weeks and a record number of race meetings were washed out. COVID was a unique negative period for us, while it was largely positive for our competitors. Our FY '22 result was impacted by several factors, both externally and internally. We also don't expect to have any COVID disruption. We will have new products, and we'll be competing on a more level playing field in multiple states. The results you see today will be different for FY '23. We will also sell our noncore eBET business. And we're working with the Star Entertainment Group to transition their Sydney casino on to our New South Wales monitoring platform. We've made a clear decision to pivot our Gaming Services business to integrity services. We have a new TAB app that is ready for launch, 2 new products that will be released before Christmas and substantial legislative wins in Queensland, New South Wales and the ACT that will help us level the playing field so we no longer pay double the wagering fees and taxes as our competitors. You've seen in our first 3 months that Tabcorp is becoming more nimble and bold in everything we do. We're urgently changing that, and we're excited about what we can achieve. They mark the end of old Tabcorp, a Tabcorp that wasn't set up to grow digital wagering market share. Our FY '22 results are a line in the sand.
#Actionally meaning update
I'll also provide an update on our strategy and our FY '23 priorities. This presentation has been designed to help you understand the business dynamics for the year, as well as provide you with necessary reconciliations. Demerger makes the numbers look more complex than usual. Starting on Slide 3, we achieved an important milestone as we successfully implemented the demerger of Lotteries & Keno on the 1st of June.
We'll take you through the presentation we lodged with the ASX this morning for the next 20 minutes or so, and then we're happy to take your questions. I'm CEO, Adam Rytenskild, and I'm joined by our CFO, Dan Renshaw. Adam Rytenskild, Tabcorp Holdings Limited - MD, CEO & Executive Director - Good morning, and welcome to our call for Tabcorp's financial results for FY '22. I'll now hand you over to the Chief Executive Officer, Mr. (Operator Instructions) Please be advised that today's conference is being recorded.
#Actionally meaning full
Welcome to the Tabcorp Holdings Limited Full Year 2022 Results Call. Ryan Barrenjoey Markets Pty Limited, Research Division - Analyst * Rohan Sundram MST Marquee - Gaming and Contractors Analyst * Simon Thackray Jefferies LLC, Research Division - Equity Analyst * Suthesh Jeyakandan UBS Investment Bank, Research Division - Research Analyst = Presentation - Operator - Good morning, and thank you for standing by. Full Year 2022 Tabcorp Holdings Ltd Earnings Call Melbourne Victoria (Thomson StreetEvents) - Edited Transcript of Tabcorp Holdings Ltd earnings conference call or presentation Tuesday, Augat 11:30:00pm GMT TEXT version of Transcript = Corporate Participants = * Adam Rytenskild Tabcorp Holdings Limited - MD, CEO & Executive Director * Daniel Renshaw Tabcorp Holdings Limited - CFO = Conference Call Participants = * Justin Barratt CLSA Limited, Research Division - Research Analyst * Larry Gandler Crédit Suisse AG, Research Division - Director * Matthew H.
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