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Wagering offsets Tabcorp’s casino & gaming decline

6th August 2010 9:41 am GMT

Australia's Tabcorp Holdings Limited has reported a marginal increase in net revenues to AUD$4.2bn for the year ended June 30th, with growth from the company's wagering division offsetting declining contributions from its gaming businesses in Queensland and Victoria.

Tabcorp's wagering division saw operating revenue increase by 5 per cent to $1,671.2m after the company expanded fixed odds coverage of racing in Victoria and New South Wales, with both brands of TAB Sportsbet and Luxbet contributing to [...]

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