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Tabcorp fiscal Q1-2015 results

Wednesday October 15,2014 : SOLID Q1-2015 GROWTH AT TABCORP
 
Revenues up 6.6 percent year-on-year in first quarter of fiscal 2015.
 
Tabcorp Holdings has posted a solid set of fiscal Q1-2015 results, with digital interests again turning in a sterling performance.
 
Group revenues for the three months to 30 September 2014 were A$537.4 million, up 6.6 percent on the prior corresponding period, with the Wagering division continuing to build on momentum established in FY14 by delivering quarterly growth of 8 percent, thanks to good performances in both racing and sport.
 
Total Wagering turnover of A$3,004.8 million was up 3.6 percent.
 
“Tabcorp has started the 2015 financial year well. We are seeing the benefits of targeted investment in our channels and products,” managing director and CEO David Attenborough reported.
 
“In Wagering, our investment in recent years in high growth areas such as digital and fixed odds is paying off. We are achieving strong growth in these areas and the business, as a whole, has positive momentum.”
 
Fixed odds products were again a driver of Wagering revenue growth, with revenues up 32.1 percent. This was supported by product expansion and a strong yield performance. The positive trading was also boosted by the Soccer World Cup, with A$25.2 million in revenues, of which A$10.3 million was in FY15.
 
Totalisator betting was again adversely impacted overall by the growth of Fixed Odds betting on racing, particularly for Win and Place bets, and a reduction in low-margin premium customer volumes. Totalisator trends, however, did improve relative to FY 2014, with Q1-2015 revenues down 3.2 percent in NSW and 2.9 percent in Victoria, compared to declines of 6.2 percent and 6.4 percent respectively in FY14.
 
Online and mobile operations at Luxbet continued to impress, with revenues up 28.8 percent, supported by strong turnover growth and continued yield improvement.



Gambling News :

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

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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