Tabcorp releases complete report

Major gaming operator Tabcorp announced its current revenue during the first quarter of fiscal year 2018.

Australia.- Tabcorp Holdings released the comprehensive evaluation of the company’s revenue during the first quarter of fiscal year 2018. Although Tabcorp recorded a statutory loss in the period, “as a result of significant items related to its proposed combination with Tatts”, the company reported a 5.7 increase in revenue for the three months to September 30, 2017, reaching A$578.8 million.

The report also shows that the increase was due to its Wagering & Media arm, which rose 4.5 percent to A$481.5 million in the quarter. In total, the company reported a wagering turnover of 3.5 percent in the quarter to $3.2 billion, with its digital channel delivering double digit growth in the period. “This performance was below expectations,” reveals the report.

However, Tabcorp’s Gaming Services business recorded the largest year-on-year growth out of all of its businesses, rising 47.8 percent year-on-year to A$41.4 million. Furthermore, the report also shows that the growth could have been set by the acquisition of Intecq and benefits from TGS expansion.