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Tabcorp posts Q1 revenue growth despite wagering blip

17th October 2012 12:47 pm GMT

Australia’s Tabcorp Holdings Limited has reported a 3 per cent increase in total revenues to AUD$488.9m (€386.0m) for the first quarter of its new financial year, despite posting a drop in revenues from its core wagering business.

Revenues from Wagering fell by 2 per cent during the period to $384.6m, which the company attributed to the new Victorian wagering and betting licence terms that commenced in August - Tabcorp’s share of the new Victorian joint venture [...]

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