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Good Mobile Results For Tabcorp

Friday August 9,2013 :  MOBILE GAMBLING GOOD FOR TABCORP
 
H2-2013 results show 13.6 percent rise in digital operations, driven by mobile division
 
Mobile gambling contributions were the star of the H2-2013 results for Tabcorp released Friday, with digital wagering turnover up 13.6 percent to A$2.45 billion over the 2012/13 financial year, with fixed odds betting also delivering good results.
 
Mobile betting accounted for 43 percent of Tabcorp's digital turnover in the second half of fiscal 2013 - up from 28 percent in the first half.
 
"What we're seeing is less usage of on-line classical desktop computers and more usage of tablets and mobile phones as people's habits change," Tabcorp chief executive David Attenborough said.
 
Tabcorp said its TAB iPhone, iPad and Android apps, which have been downloaded more than 900,000 times, were upgraded during the year.
 
The company had introduced a "world-first" app enabling a customer to watch a race and bet on it, all on the same tablet screen.
 
Attenborough said strengthening Tabcorp's offerings to customers in the digital wagering sector would be a key focus in fiscal 2014.
 
Tabcorp also aimed to enhance its kenos lotteries business through product and self-service expansion and strengthen its poker machine services business by initial expansion into NSW.
 
The company reported a net profit of A$127 million for the 2012/13 financial year, down 63 percent on the profit of A$340 million in the prior year, but Management hastened to explain that the numbers were skewed by the expiry in August 2012 of the duopoly licence Tabcorp shared with rival Tatts Group to operate poker machines in Victoria .
 
Attenborough said that despite the fall in headline profit, it had been a successful year for the company as it repositioned its businesses.
 
The company numbers were also affected by changes to Tabcorp's Victorian wagering and betting licence under which it now shares more proceeds with the Victorian racing industry. The decommissioning of the Victorian Tabaret gaming business, following its licence expiry on 15 August 2012, had an impact, too, and losses from discontinued operations came in at A$21 million
 
In addition, Tabcorp recorded an A$18.6 million impairment charge on its Victorian keno licence due to slower-than-anticipated take-up by customers.
 
EBITDA from continuing operations before significant items amounted to A$463.9 million, up 9.5 percent
 
“Tabcorp has had a successful FY13, while managing significant change to our business portfolio and navigating challenging external trading conditions, Attenborough said.
 
“FY13 was the first year of the new Wagering and Gaming licence structure in Victoria, which we knew would have an impact on Tabcorp’s earnings and operations. We managed the transition successfully and our revenue initiatives and sharp focus on expense management delivered strong EBITDA growth.
 
“We have also achieved greater licence longevity through the in-principle agreement to extend NSW retail wagering exclusivity to 2033 and our Queensland Keno licence is to be extended to 2047.
 
“A key focus in FY14 will be further strengthening our customer proposition in the fast growing and competitive digital wagering sector."



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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