{"id":21736,"date":"2021-08-19T13:28:54","date_gmt":"2021-08-19T16:28:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21736"},"modified":"2026-04-23T16:29:29","modified_gmt":"2026-04-23T19:29:29","slug":"tabcorp-revenue-up-8-8-for-fy21","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tabcorp-revenue-up-8-8-for-fy21","title":{"rendered":"Tabcorp revenue up 8.8% for FY21"},"content":{"rendered":"\n

Tabcorp has reported profits in lottery and keno and improved performance from its wagering and media arm.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Tabcorp<\/strong>\u00a0has revealed its financial results for the\u00a0fiscal year 2021<\/strong>, reporting revenue up 8.8 per cent, while EBITDA grew 11.3 per cent year-on-year. Statutory net profit after tax\u00a0<\/strong>went from a loss of AU$870m in FY20 to a profit of AU$269m in FY21.\u00a0<\/p>\n\n\n\n

The lotteries and Keno unit<\/strong> saw digital turnover rise 30 per cent despite below-average jackpots and a resilient performance in retail.\u00a0The\u00a0Wagering & Media unit saw revenues of AU$2.3bn<\/strong>, up 10 per cent year-on-year. Digital wagering turnover grew 27 per cent.<\/p>\n\n\n\n

Tabcorp said its\u00a0gaming services unit was affected by Covid-19 restrictions<\/strong>\u00a0and lockdowns, mainly in the state of Victoria, which led to a fall of 17.2 per cent.<\/p>\n\n\n\n

David Attenborough<\/strong>, Tabcorp managing director and CEO, said: “In the face of substantial challenges from the Covid-19 pandemic, our businesses delivered a strong operational performance and double-digit earnings growth.\u00a0<\/p>\n\n\n\n

“Our teams and business partners worked collaboratively to manage the evolving restrictions and our omnichannel business model ensured our customers could continue to enjoy their gambling entertainment experiences<\/strong>.\u201d <\/p>\n\n\n\n

Tabcorp plans to use artificial intelligence<\/h2>\n\n\n\n

The company<\/a>\u00a0has announced it will roll out an\u00a0artificial intelligence (AI) programme\u00a0<\/strong>to predict the results of American Football games. The strategic move is aimed at helping the operator to avoid losing ground to rivals such as Ladbrokes and Sportsbet as players turn to online gambling amid the Covid-19 pandemic.<\/p>\n\n\n\n

David Beirne<\/strong>, general manager of trading at Tabcorp, said \u201cartificial intelligence will significantly increase the betting markets<\/strong> which sports fans can bet on.\u201d<\/p>\n\n\n\n

The AI tool will run more than 1,000 simulations <\/strong>to predict outcomes for American Football Games. Beirne says that for a single NFL game, players will have more than 120 possible outcomes to bet on. The platform be tested on NFL games but could be used for tennis and NBA games in the future<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tabcorp has reported profits in lottery and keno and improved performance from its wagering and media arm.<\/p>\n","protected":false},"author":176,"featured_media":20326,"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 robust FY21 financial results, achieving an 8.8% revenue increase and a return to statutory net profit, primarily driven by significant digital growth across its Lotteries & Keno and Wagering & Media segments. Despite COVID-19 impacts on its Gaming Services unit, the operator is strategically investing in an AI program for sports betting to enhance market offerings and competitive positioning against rivals.","focusai_entities":"Tabcorp, David Attenborough, David Beirne, Ladbrokes, Sportsbet","focusai_location":"Australia, Victoria","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), product_ux (0.9), tech_data (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"AI ROI for Wagering","query":"What is Tabcorp's projected return on investment for its AI program in terms of market share capture and incremental GGR from expanded betting markets, particularly against established digital competitors?"},{"label":"Regulatory AI Implications","query":"How will Tabcorp ensure regulatory compliance and responsible gambling frameworks are maintained with the introduction of AI-generated betting markets, especially concerning market integrity and consumer protection?"}],"footnotes":""},"categories":[16336,163],"tags":[13716],"class_list":["post-21736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21736","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=21736"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21736\/revisions"}],"predecessor-version":[{"id":21766,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21736\/revisions\/21766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20326"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}