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Great performance For Tabcorp Digital
Thursday August 7,2014 : MOBILE BETTING BOOSTS TABCORP ANNUAL PERFORMANCE
Digital betting turnover up 18 percent to A$2.9 billion...54 percent of it from mobile channel.
The Australian retail and online betting giant Tabcorp reports that its digital division - and especially the mobile channel - have been the stars of its annual performance for 2013-2014, alongside fixed odds betting.
The company reported highlights that include:
* Digital betting turnover up 18 percent to A$2.9 billion, with 54 percent coming from the mobile channel - a y-o-y increase of 35 percent;
* Mobile betting during the World Cup football accounted for around 70 percent of digital turnover;
* In total, Tabcorp generated A$25 million in revenue from the World Cup;
* Tabcorp's net profit after tax rose 2.6 percent to A$129.9 million in the year to June 3;
* EBITDA from continuing operations before significant items A$486.1 million, up 4.8 percent;
* Revenues up 1.8 percent to A$2,039.8 million;
* Operating expenses rose by 2.8 percent to A$433.4 million;
* Luxbet (online and mobile) revenues up 22.5 percent to A$47.9 million;
* Fixed Odds revenues up 26.5 percent to A$511.5 million, made up of Fixed Odds racing revenues of A$322.9 million - up 37 percent, and Fixed Odds sports revenues of A$188.6 million, up 12.7 percent.
Tabcorp CEO David Attenborough said that his company's success in the digital betting field was no accident, and that the mobile channel continues to be the key driver for growth.
He revealed that Tabcorp had recruited experts from a range of industries to work on mobile design and to get products to market faster.
However, he pointed out that whilst digital betting is growing, retail activity in pubs, clubs and TAB stores continues to fall, and that needs to be addressed.
Attenborough said Tabcorp was aiming to integrate digital betting with retail outlets like TABs, pubs and clubs, by offering "non-betting" benefits to customers doing their digital betting in pubs or clubs. A pilot program was being assembled for launch later this year, when more detail would be provided, he said.
Discussing the overall performance of the group, Attenborough said:
“The Group’s performance in FY14 demonstrates the benefits of being diversified across four businesses, with market-leading brands and a unique multi-product, multi-channel distribution model.
“The strong performance of our Wagering business was driven by excellent growth in Fixed Odds and Digital wagering."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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