Tabcorp reports higher revenues in 2019

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.