Australia

Tabcorp reports higher revenues in 2019

Published

6 years ago

February 14, 2019

Niji Narayan

Photo Source: Tabcorp

Reading Time: < 1 minute

Australia’s gambling company Tabcorp has reported impressive results for the first month of 2019 on the revenue front. The group amassed revenues of $2,787m, an increase of 108.3 per cent when compared to last year’s revenue for the same period.

The rise is attributed to strong lotteries and Keno performance, digital and retail growth, increased investment in customer generosities and UBET, underperformance pre-transition to full TAB offering, good progress on gaming services contract renewals and new venue sign-ups, and operating expenses reduction driven by synergy benefits.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.