Australian betting and gaming giant Tabcorp Holdings has reported a 58 per cent drop in net profit in its financial first half period ended December 31st, with costs of more than AUD$52.2m relating to the struggling UK-facing Sun Bets business weighing on the bottom line.

Revenue increased by 19 per cent to AUD$1,376.2m, with the newly acquired Tatts Group operations contributing $176.3m in the 18 days from its effective merger on December 14th.

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