Australia’s Tabcorp Holdings Limited has reported a 3 per cent increase in total revenues to AUD$480.3m for its third quarter ended March 31st, despite posting a year-on-year decline from its core wagering operations.
Total wagering revenues would have grown by 7 per cent during the quarter, but were negatively impacted by the allocation to Tabcorp’s Victorian joint venture partner under the new 50/50 arrangement (previously 75/25). As a result, reported wagering revenues fell by 5 per [...]
