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Tabcorp published a fiscal Q1-2016 trading update
Thursday October 29,2015 : DIGITAL A STRONG PERFORMER IN TABCORP FIRST QUARTER
Digital turnover up 13.1 percent at Aussie bookmaker.
The Australian online and land gambling group Tabcorp published a fiscal Q1-2016 trading update Thursday, reporting that group revenues for the three months to 30 September 2015 were A$543.5 million, up 1.1 percent on the prior corresponding period, with digital turnover up 13.1 percent to A$900.3 million.
However Luxbet turnover was down 1.7 percent at A$172.4 million, and retail turnover declined 0.4 percent to A$1,637.8 million.
Total Wagering turnover was A$3,102.2 million, up 3.2 percent year-on-year. Wagering revenue growth was also impacted by a strong sports yield performance in the prior corresponding period.
Gaming Services revenues were A$26.4 million, up 5.2 percent.
Keno revenues were A$55.8 million, up 2.8 percent.
Tabcorp chairperson Paula Dwyer used the opportunity to again call for federal government intervention in overhauling the rules for the gaming industry, including those relating to advertising.
Dwyer claims there are too many gambling adverts, and she’s also concerned about how ads are regulated differently in each state and territory, saying that gambling advertising across Australia last year was up 34 percent at A$89 million.
She also proposes a single, national rule on the offering of credit by bookmakers and says she believes the government’s review of illegal online wagering could help provide a level playing field for all gaming operators.
Returning to an issue that clearly bothers her, Dwyer again addressed in-play betting (see previous InfoPowa reports), opining that live betting on sports was originally intended by lawmakers to be permitted only in a retail wagering outlet or by telephone. However, online bookmakers had since started offering the genre through digital apps, exploiting the microphone-on loophole.
The Tabcorp chairperson told shareholders that the threat of unlicensed offshore online operators should be countered:
"We believe wagering operators should be licensed in Australia if they are to take bets from Australian residents," she told shareholders.
"This would largely address the problem of unlicensed offshore operators, whose activities pose a threat to racing and sports integrity."
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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