Australian gaming giant sees revenues from lotteries and keno increase 12.4% to AU$1.58 billion in 2H19. <\/p>\n\n\n\n\n\n\n\n
Australia.- Tabcorp has revealed a significant increase in revenues last year driven by its lottery division. <\/p>\n\n\n\n
The racing and wagering giant saw a growth of 4.4% to AU$2.91 billion in the six months to 31 December 2019. <\/p>\n\n\n\n
Lotteries and Keno was the company\u2019s big mover, with revenue up 12.4% to AU$1.58 billion (\u20ac976 million) and EBITDA by 16.0% to AU$294.9 million (\u20ac182 million). <\/p>\n\n\n\n
Digital turnover in the segment grew 39.8% to represent 26.7% of total Lotteries turnover, compared with 15.6% two years ago, Tabcorp noted.<\/p>\n\n\n\n
The revenue rise helped push net profit after tax for the period up by 10.8% to AU$198.8 million (\u20ac122.9 million), with EBITDA rising 2.1% to AU$596.5 million (\u20ac368.7 million).<\/p>\n\n\n\n
\u201cTabcorp\u2019s diversified group of businesses delivered a solid overall result in the first half of FY20,\u201d Managing Director and CEO, David Attenborough, said. <\/p>\n\n\n\n
\u201cWe grew group revenues by 4.4% in an environment of soft discretionary spending, while undertaking significant integration activity. We also welcomed another 300,000 active registered customers during the period.\u201d<\/p>\n\n\n\n
Revenues in Wagering and Media fell 3.7% to AU$1.18 billion (\u20ac729 million) and EBITDA by 7.8% to AU$233.8 million (\u20ac144.5 million), with Tabcorp pointing to a soft market for the decline.<\/p>\n\n\n\n
Gaming Services also suffered a decline of 4.4% to AU$149 million (\u20ac92 million), with EBITDA falling 14.1% to AU$65.9 million (\u20ac40.7 million) on the back of multiple contracts expiring and one not being renewed.<\/p>\n\n\n\n
Regarding the company’s Gaming Services performance, Attenborough said: \u201cWe are reviewing this business to improve performance and realize its full potential.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Australian gaming giant sees revenues from lotteries and keno increase 12.4% to AU$1.58 billion in 2H19.<\/p>\n","protected":false},"author":2,"featured_media":3643,"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 4.4% revenue increase to AU$2.91 billion for 2H19, primarily driven by its Lotteries and Keno division, which saw revenues climb 12.4% to AU$1.58 billion and digital turnover surge 39.8%. This strong performance in lotteries offset declines in Wagering and Media, and Gaming Services, leading to a 10.8% rise in net profit after tax. The company's diversified portfolio and digital growth in lotteries were key contributors amidst a soft discretionary spending environment.","focusai_entities":"Tabcorp, David Attenborough","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.75), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Lottery Digital Growth","query":"What specific digital product enhancements or marketing strategies drove the 39.8% digital turnover growth in Tabcorp's Lotteries and Keno segment, and how does this impact future channel investment and customer acquisition cost (CAC)?"},{"label":"Gaming Services Strategy","query":"Given the 14.1% EBITDA decline in Gaming Services due to contract expirations, what are the strategic options being considered in the review to improve performance and realize its full potential, and what is the projected timeline for these initiatives and their impact on future B2B revenue streams?"}],"footnotes":""},"categories":[160,16336,163],"tags":[289,3573,2794],"class_list":["post-3634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-finance-news","tag-australia","tag-lottery","tag-racing"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3634","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3634"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3634\/revisions"}],"predecessor-version":[{"id":3671,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3634\/revisions\/3671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3643"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}