• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 4 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Tabcorp reports healthy profit in 1H21 as lottery and wagering divisions hold firm against COVID-19 impact

Ben Blaschke by Ben Blaschke
Wed 17 Feb 2021 at 12:00
Tabcorp cleared as Australian Federal Police close investigation into Cambodia sports betting bribery claims
15
SHARES
384
VIEWS
Print Friendly, PDF & Email

Australian racing and wagering giant Tabcorp has reported a 7.0% year-on-year decline in net profit after tax to AU$185 million (US$144 million) for the six months to 31 December, primarily impacted by COVID-19.

Publishing its 1H21 financial results on Wednesday, Tabcorp revealed a group-wide decline in revenues of just 1.5% to AU$2.87 billion (US$2.22 billion) for the period and a 6.2% fall in EBITDA to AU$560 million (US$434 million), most of which was felt via its Gaming Services division.

Revenues within Gaming Services were down 51.0% year-on-year to AU$73 million (US$57 million) and EBITDA by 66.7% to AU$22 million (US$17 million) as a result of licensed venues operating under social distancing restrictions and, in the case of greater Melbourne, only reopening in November 2020. Victoria delivers around 30% of the business unit’s revenues, Tabcorp said.

More resilient were the company’s Lotteries & Keno and Wagering & Media segments.

Lotteries & Keno registered a 1.6% increase in revenues to AU$1.61 billion (US$1.25 billion) and 5.4% improvement in EBITDA to AU$311 million (US$241 million), including 12.8% growth in Keno revenues “supported by a very strong digital performance.”

Wagering & Media revenues were AU$1.19 billion (US$922 million), up 0.8% year-on-year, while EBITDA fell 3.0% to AU$227 million (US$176 million). Once again, digital led the way during COVID-19 with digital turnover up 43% and digital revenue up 34%. Tabcorp’s digital customer base also grew 17%.

“Retail remains a profitable and valuable channel, however, the COVID-19 shutdowns and restrictions (especially in Victoria) contributed to retail turnover declining 28%,” it added. “Excluding Victoria, retail turnover was down 9%.”

Commenting on the company’s half year results, Tabcorp Managing Director and CEO David Attenborough said, “We are experiencing a strong recovery following the recent market challenges. The COVID-19 pandemic continued to impact Tabcorp’s group earnings in 1H21, with the retail closures and restrictions, especially in Victoria, having a material impact. However, we are pleased with the way our teams and partners responded to the substantial operational challenges the pandemic presented.

“COVID-19 has clearly demonstrated the importance of serving customers with a seamless, multi-channel experience. Investments made to modernize our digital offering in recent years drove significant benefits.”

RelatedPosts

Legal battle continues to hurt Donaco’s bottom line

Donaco shareholders approve US$35 million privatization bid

Mon 4 Aug 2025 at 15:36
Light & Wonder’s Siobhan Lane

Global debut of “Fortune Doors” among five Light & Wonder game families to be showcased at next week’s Australasian Gaming Expo

Mon 4 Aug 2025 at 13:16
Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners officially terminate Queen’s Wharf Brisbane acquisition deal

Fri 1 Aug 2025 at 13:02
Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Star says deal now “unlikely” to offload Queen’s Wharf Brisbane assets to Hong Kong partners

Wed 30 Jul 2025 at 13:53
Load More
Tags: AustraliaDavid AttenboroughGaming and Wagering Commission of Western Australiahorse racinglotteryTabcorpwagering
Share6Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Legal battle continues to hurt Donaco’s bottom line

Donaco shareholders approve US$35 million privatization bid

by Ben Blaschke
Mon 4 Aug 2025 at 15:36

A proposal by Hong Kong’s Argyle Street Management Limited to acquire 100% of the shares in ASX-listed, Southeast Asian casino operator Donaco International Ltd that it doesn’t already own is one step away from becoming reality after Donaco shareholders on...

Light & Wonder’s Siobhan Lane

Global debut of “Fortune Doors” among five Light & Wonder game families to be showcased at next week’s Australasian Gaming Expo

by Ben Blaschke
Mon 4 Aug 2025 at 13:16

Global gaming giant Light & Wonder will debut its latest game family, Fortune Doors, at next week’s Australasian Gaming Expo in Sydney – one of five game families offering 14 unique themes between them to feature at the company’s stand....

Experts claim 90% of Macau money exchange gangs eradicated since passing of illegal gaming law

Morgan Stanley says Macau now a growth market, raising 2025 GGR and EBITDA forecasts after two consecutive monthly beats

by Ben Blaschke
Mon 4 Aug 2025 at 11:48

Investment bank Morgan Stanley has raised its Macau GGR and EBITDA growth forecasts for 2025, and operator price targets by 30% across the board, following two consecutive monthly beats in June and July. In a Monday note, Morgan Stanley analysts...

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

Hann Resorts founder Dae Sik Han says IPO essential to ensure no delays to Clark expansion plans

by Ben Blaschke
Mon 4 Aug 2025 at 06:02

The Chairman and CEO of Hann Philippines Inc, Dae Sik Han, has revealed he opted to proceed with an initial public offering on the Philippine Stock Exchange to ensure his ambitious expansion plans could proceed without delay. Hann, the parent...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English