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Tabcorp benefits from digital wagering growth in Q3

29th April 2013 8:30 am GMT

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 [...]

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