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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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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
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Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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