{"id":14847,"date":"2021-02-17T16:49:00","date_gmt":"2021-02-17T16:49:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14847"},"modified":"2026-04-23T21:43:47","modified_gmt":"2026-04-24T00:43:47","slug":"tabcorp-sees-revenue-drop-1-5-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tabcorp-sees-revenue-drop-1-5-for-h1","title":{"rendered":"Tabcorp sees revenue drop 1.5% for H1"},"content":{"rendered":"\n<p>Revenues came in at AU$2.8bn (US$2.2bn) for the first half of the 2020\/2021 financial year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0Lottery services provider Tabcorp\u00a0has reported AU$2.8bn (US$2.2bn) in revenue for H1 of its financial year, down 1.5 per cent year-on-year.<\/p>\n\n\n\n<p>The primary source of revenue remained lotteries and keno, which saw a <strong>1.6 per cent<\/strong> <strong>increase in revenue<\/strong> to AU$1.61bn (US$1.25bn). In this sector, EBITDA was up 12.8 per cent to AU$311m (US$241m).<\/p>\n\n\n\n<p>Revenues in the wagering and media business increased by almost 1 per cent (US$922m) with digital revenue up 34 per cent due to Covid-19 retail closures and restrictions. EBITDA was <strong>AU$227m (US$176m), down 3.0 per year-on-year.<\/strong><\/p>\n\n\n\n<p>In the gaming services segment, revenues were <strong>down by 51.0 per cent to AU$73m (US$57m) <\/strong>and EBITDA fell 66.7 per cent to AU$22m (US$17m), mainly due to venues operating under social distancing restrictions.<\/p>\n\n\n\n<p>Tabcorp Managing Director and CEO David Attenborough said: \u201cAfter taking actions to<strong> reduce costs, preserve cash and strengthen the balance sheet <\/strong>over the past 12 months, Tabcorp is emerging from Covid-19 challenges in a stronger financial position.&#8221;<\/p>\n\n\n\n<p>The company has <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-receives-multiple-acquisition-offers\" target=\"_blank\"><strong>r<em>eceived an offer for its wagering and media business<\/em><\/strong><\/a><em> <\/em>from the British gaming giant Entain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenues came in at AU$2.8bn (US$2.2bn) for the first half of the 2020\/2021 financial year.<\/p>\n","protected":false},"author":176,"featured_media":14856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tabcorp reported AU$2.8bn in H1 FY2020\/2021 revenue, a 1.5% YoY decline, primarily driven by strong lottery and keno performance (+1.6%) and digital wagering growth (+34%) offsetting retail closures. Gaming services revenue significantly decreased by 51% due to social distancing restrictions. The company also confirmed an offer from Entain for its wagering and media business.","focusai_entities":"Tabcorp, Entain, David Attenborough","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), affiliate_publisher (0.7), investor_analyst (0.98), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Wagering Business Valuation?","query":"What is the implied valuation of Tabcorp's wagering and media business based on Entain's offer, and how does it compare to recent industry multiples?"},{"label":"Post-COVID Strategy?","query":"How does Tabcorp plan to sustain digital wagering growth and mitigate ongoing impacts on its gaming services segment in a post-COVID operational environment?"}],"footnotes":""},"categories":[16336,163],"tags":[3573,13716],"class_list":["post-14847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-lottery","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14847"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14847\/revisions"}],"predecessor-version":[{"id":14884,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14847\/revisions\/14884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}