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Tabcorp incurs $1bn write-down as COVID-19 impacts full year results

3rd August 2020 10:20 am GMT
Tabcorp

Sydney-listed gaming giant Tabcorp Holdings warned Monday that it expects to incur non-cash goodwill impairment charges of up to $1.1bn for the financial year ended 30 June, as a result of the COVID-19 pandemic.

Following the latest review of the carrying value of its assets, Tabcorp said that the impairment charges would be in the range of $1.0bn and $1.1bn, and relate to its Wagering & Media and Gaming Services businesses.

Reflecting an assessment based on underlying [...]

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