Tabcorp reassures NSW clubs over racing vision
CEO David Attenborough has moved to reassure club managers in NSW the gaming giant will not turn off their Sky Channel racing vision.
CEO David Attenborough has moved to reassure club managers in NSW the gaming giant will not turn off their Sky Channel racing vision.
ACCC boss Rod Sims says the gas crisis was making life impossible for manufacturers, blaming state bans on exploration and LNG projects chasing higher overseas prices.
Tabcorp appears to have made a pre-emptive strike before the ACCC has even made a final decision.
The Australian Competition and Consumer Commission has failed to turn up any insurmountable roadblocks to the Tabcorp and Tatts Group merger, according to analysts.
The competition watchdog has raised some concerns but is satisfied punters have choice over where to place their bets.
Investing is gambling complexified.
The new Aristocrat CEO has big shoes to fill and he's determined to keep the company's status as a growth stock.
Virtual Gaming Worlds met Sydney and Melbourne fund managers last week to drum up interest for a raising ahead of hitting the ASX in March.
Crown Resourts has denied it had failed to keep the market properly informed of chief executive Rowen Craigie's departure.
Crown Resorts chairman John Alexander made "no apologies" for the special dividend that would enrich major shareholder James Packer.
Crown Resorts said its 'normalised' net profit fell 9.1 per cent to $191.3 million, dragged lower by a drop in Australian VIP revenue.
Crown Resorts CEO of 10 years, Rowen Craigie, will announce his retirement on Thursday.
Fewer big jackpots means fewer people buying lotto tickets. Tatts Group's net profit slumped 15.2 per cent to $123.5 million.
The Star's international VIP business was down 27 per cent in November and December.
Gambling operator Tabcorp has agreed to pay a record $45 million fine over "dirty money" claims brought by the regulator.
The corporate bookmakers are at it again.
James Packer's Crown Resorts has won government approval for a 90-storey hotel and apartment skyscraper in Melbourne.
SkyCity has posted an 18 per cent lift in first-half profit as improved trading at its Auckland casino offset a weaker performance from its Australian units.
CrownBet's deal with Clubs NSW is the biggest investment the company has made.
Crown Resorts' push into the pubs and clubs of NSW underlines why Tabcorp can't afford to lose the battle to takeover Tatts.
James Packer's Crown Resorts' online wagering business CrownBet is set to sign a groundbreaking partnership with Clubs NSW.
Tabcorp's investors weren't feeling charitable last Thursday when chief executive David Attenborough presented a lower interim profit effected by $43.8 million of one-off costs. The market sell-off pushed shares down 5 per cent (wiping $197m of value), and only lower since.
AFL powerhouse Collingwood will announce its own online lottery on Friday, with profits going to its welfare and community programs.
Tabcorp is pressing ahead with preparations for its merger with Tatts Group
Tabcorp's sharp drop in earnings reflects the heavy investment its CEO is making to ensure the wagering giant stays relevant in the digital age.
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