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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 :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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