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Tabcorp swings to loss as Sun Bets weighs on full year results

4th August 2017 8:54 am GMT
Tabcorp

Australian betting and gaming giant Tabcorp Holdings has reported a net loss of AUD$20.8m for its financial year ended June 30th, with results adversely impacted by significant items of $199.7m which include an operating loss of $47.6m from Sun Bets.

Revenue grew by 2 per cent versus the previous year to $2,229.6m, with Tabcorp benefiting from growth in its Gaming Services and Keno businesses.

Its core Wagering & Media division struggled for growth as revenue remained stable [...]

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