Presenting its 2016 full year report (period ending 30 June), Australian ASX-listed gambling operator Tatts Group has revealed a mixed set of results reporting strong digital growth hindered by legal costs. Closing its FY 2016 Tatts Group (Tatts) would post a statutory net profit decline of -7% to AUS $233 million (£136 million). Tatts 2016 earnings would be impacted by …
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Footing a legal bill of AUS $20 million (£11.5 million) Australian ASX-listed gambling operator Tabcorp Holdings (Tabcorp) has witnessed its full-year 2016 net profits decline 49% to AUS $169 million (FY 2015: AUS $334 million). Presenting its FY 2016 results (financial period ending 30 June), Tabcorp governance stated that 2016 business conditions had been ‘Volatile.’ The gambling operator would report …
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Australian online betting operator Favourit (favourit.com) has ceased its operations, no longer accepting wagers or deposits from customers following its failed Australian Securities Exchange (ASX) IPO by new owners Celsius Coal (Celsius). This weekend Australian business news sources reported that Perth businessman Ranko Matic, investor in mining company Celsius, had been blocked off the company’s planned ASX listing by Australia’s Securities …
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Unfavourable sporting results have impacted Australian gambling operator Tabcorp’s nine-month corporate update (period ending 31 March). Issuing a market release, Tabcorp governance detailed that the company had seen revenue growth in all its core divisions; ‘Wagering & Media’ ‘Gaming Services’ and ‘Keno’, with the operator posting a 1% increase in revenues to AUS $1.4 billion. Higher customer engagement had seen Tabcorp …
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Australian based, European focussed online betting operator Favourit has announced that it plans to list a public offering on the Australian Securities Exchange (ASX listing). The listings move comes as the operator completes its takeover of ASX-placed mining firm Celsius Coal Ltd. Favourit governance detailed that the company aims to raise circa AUS $6 million (£3.2 million) on its ASX …
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Australian wagering and fantasy sports operator TopBetta is set to list on the Australian Securities Exchange (ASX) as its seeks to raise between AUS $5 – $7 million in investment. The company has targeted a September listing, as it seeks to fund its expansion within the burgeoning Australian online betting market. TopBetta governance stated that it would use its hybrid …
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