Financial News

With the company expected to further develop its online offering with a new TAB Sportbet website and Internet Protocol television (IPTV) application, Australia’s Tabcorp Holdings Limited has reported a 20 per cent increase in online wagering turnover to AUD$508.4m for the first quarter ended September 30th, accounting for 19 per cent of the company’s total turnover during the period.

In a trading update released this morning, coinciding with the company’s investor day hosted in Sydney, Tabcorp said that total wagering turnover grew by 4 per cent to $2,736.0m during the quarter following growth in its retail operations in New South Wales and Victoria, as well as via the company’s online channel.

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