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Tabcorp fiscal Q3-2015

Monday May 4,2015 :  WAGERING AND MEDIA DRIVE MODEST GROWTH AT TABCORP
 
Overall revenues up 3.3 percent in Australian betting group's fiscal Q3-2015.
 
The Australian betting group  Tabcorp Holdings Limited provided a trading update Monday for the third quarter of its fiscal 2015 financial year.
 
Reported Q3-2015 group revenue was A$ 508.7 million, up 3.3 percent on the prior corresponding period. Year-to-date revenue is A$1,623.9 million, up 5.6 percent y-o-y.
 
“Tabcorp achieved revenue growth in the third quarter, driven by the performance of our Wagering and Media business,” said managing director and CEO, David Attenborough.
 
“It was pleasing to see the momentum in Wagering continue on the back of a strong first half, which included a successful Soccer World Cup.”
 
Wagering and Media revenue for Q3-2015 was up 5.6 percent at A$440.6 million. Revenue in the Gaming Services business, TGS, was A$24.2 million, flat to the prior year as growth was impacted by lower interest revenue, the result of reduced loan volumes.
 
Media revenue grew 9 percent to A$43.6 million, supported by the contribution from the international business.
 
Total TAB racing revenue increased in the thrid quarter to A$396.7 million - up 6.3 percent. The growth in racing was driven by Fixed Odds products with revenues of A$105.8 million, up 31.9 percent, while totalisator revenue trends improved marginally relative to the first half.
 
TAB Sports revenue was down almost 2 percent at A$44.5 million - the result of strong yields in the comparable period last year.
 
Online operation Luxbet's revenue waned due to "unfavourable yield movements," with revenue down 12.6 percent at A$12.5 million but still up 14 percent YTD at A$39 million.
 
Digital turnover was A$814.8 million, up 16.8 percent, with Management reporting that Tabcorp continues to progress the integration of its exclusive retail and digital channels as part of its multi-channel approach.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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