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Tabcorp forecasts revenue growth despite Luxbet and Sun Bets woes

20th June 2017 8:58 am GMT
Tabcorp

Australia’s Tabcorp Holdings has warned that its full year results may be impacted by a number of significant items, including a loss of AUD$46m relating to the UK-facing Sun Bets business.

Based on trading for the 11 months to May 31st and forecast results for June, the operator expects revenue to be in the range of $2.22bn to $2.24bn, an increase of between 1.4 per cent and 2.3 per cent versus the previous year.

Tabcorp’s core Wagering business was [...]

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