{"id":27370,"date":"2022-02-18T07:48:33","date_gmt":"2022-02-18T10:48:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27370"},"modified":"2026-04-23T11:13:45","modified_gmt":"2026-04-23T14:13:45","slug":"australias-tabcorp-reports-a-2-2-increase-in-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/australias-tabcorp-reports-a-2-2-increase-in-revenue","title":{"rendered":"Australia’s Tabcorp reports a 2.2% increase in revenue"},"content":{"rendered":"\n

Tabcorp\u2019s first-half results for the first half were been boosted by the company\u2019s lottery and keno operations.<\/p>\n\n\n\n\n\n\n\n

Australia.- Racing and sports betting firm Tabcorp<\/a> has reported an increase in revenue in the first half to AUD2.93bn (US$2.11bn). That’s a 2.2 per cent increase from the prior period, boosted by lotteries and keno operations.<\/p>\n\n\n\n

Back in July, Tabcorp announced its intention to demerge its lotteries and Keno businesses<\/a> to create two separate companies: Lotteries & KenoCo, covering lotteries and Keno, and Wagering & GamingCo, covering wagering, media and gaming Services. The decision was taken following a strategic review of all relevant structural and ownership options to maximise value for shareholders.<\/p>\n\n\n\n

Group-wide profit fell 5.4 per cent year-on-year to AUD175m (US$126m), but lotteries and keno recorded a 10.9 per cent increase in revenue<\/strong> to AUD1.74bn (US$1.25bn). EBITDA rose15.1 per cent to AUD358m (US$258m).<\/p>\n\n\n\n

The sports betting and media segment<\/strong> retracted 9.8 per cent to AUD1.07bon (US$770m). The division\u2019s EBITDA dropped 34.8 per cent to AUD148m (US$107m). However, this was mostly due to the obligatory shuttering of retail operations in NSW because of pandemic restrictions.<\/p>\n\n\n\n

CEO David Attenborough<\/strong> said: \u201cThe record result from the Lotteries & Keno business again showcased the broad appeal of the business\u2019 much-loved products and brands, and the success of its omni-channel strategy.\u201d<\/p>\n\n\n\n

\u201cWhile the Wagering & Media business was significantly impacted by the retail lockdowns imposed in NSW and Victoria, its performance across all channels improved once restrictions were lifted. The Wagering & Media business, and its digital performance, is much stronger when venues are open and customers can participate fully in the omni-channel experience, which is a key strategic point of difference.<\/p>\n\n\n\n

\u201cAs we have throughout the pandemic, our focus was on managing the operational and financial impacts on our businesses, as well as prioritising our people\u2019s wellbeing and supporting the recovery of our business partners.\u201d<\/p>\n\n\n\n

See also:<\/strong> Tabcorp to spin off its businesses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tabcorp\u2019s first-half results for the first half were been boosted by the company\u2019s lottery and keno operations.<\/p>\n","protected":false},"author":226,"featured_media":20369,"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 a 2.2% revenue increase to AUD2.93bn for H1, primarily driven by its robust Lotteries & Keno operations, which saw revenue rise 10.9%. Group profit declined 5.4%, with the Wagering & Media segment experiencing a 9.8% revenue drop due to pandemic-related retail closures in NSW and Victoria. The company is proceeding with its strategic demerger of Lotteries & KenoCo from Wagering & GamingCo to enhance shareholder value.","focusai_entities":"Tabcorp, Lotteries & KenoCo, Wagering & GamingCo, David Attenborough","focusai_location":"Australia, NSW, Victoria","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Demerger Valuation Impact","query":"What are the projected post-demerger valuations for Lotteries & KenoCo and Wagering & GamingCo, and how will the market allocate the enterprise value given the disparate segment performances?"},{"label":"Post-Lockdown Recovery","query":"What specific operational and marketing strategies are being implemented by Wagering & GamingCo to accelerate digital performance and recover market share now that retail restrictions have eased in NSW and Victoria?"}],"footnotes":""},"categories":[16336,163],"tags":[289,13716],"class_list":["post-27370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-australia","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27370","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27370"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27370\/revisions"}],"predecessor-version":[{"id":27402,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27370\/revisions\/27402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20369"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}