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Tabcorp posted its fiscal Q3-2014 results

Wednesday April 30,2014 : ONLINE BETTING GOOD FOR TABCORP IN FISCAL THIRD QUARTER
 
Australian online and land betting group reports strong revenue growth from fixed odds and online betting.
 
The Australian land and online betting group Tabcorp posted its fiscal Q3-2014 results Wednesday showing group revenue up 2.5 percent, mainly thanks to strong performances in fixed odds and online betting.
 
Group revenue between January and March totalled A$492.3 million, whilst the year-to-date figure is now up by 1.5 percent to $1.54 billion.
 
Revenue from wagering - Tabcorp's biggest business - rose 2.7 percent to A$377.2 million for the quarter.
 
"Tabcorp's third quarter wagering revenue growth, despite heightened competition, was driven by the fundamental strength of Tabcorp's multi-channel, multi-product strategy," the company said.
 
Digital turnover grew by 20 percent relative to the first half.
 
Fixed odds revenue jumped by 21.4 per cent as the number of markets on offer expanded, and offset a fall in totalisator revenue which was down 5.1 percent in NSW and down 9.1 percent in Victoria.
 
Tabcorp's media and international arm, which broadcasts thoroughbred, harness and greyhound races and other sports to countries overseas, TAB outlets, hotels, clubs and pay TV subscribers, lifted its revenues by 4.2 percent to A$54.3 million.
 
The gaming services business, which helps gambling venues with the supply of gaming machines, loyalty programs, venue design and responsible gambling management, lifted revenue by 0.4 percent to A$24.2 million.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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