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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."
Americas Card Room Online Super Series Starts Now -
The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).
New Quick Seat feature at Ignition Poker -
New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.
Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
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