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Business Description: Tabcorp Holdings Limited (TAH) offers a range of gambling and entertainment products. TAH's major business units include Wagering, Gaming, Keno and media activities across Australia. Customer brands include TAB, Tabaret, Keno, Luxbet, TAB Sportsbet, Tabcorp Gaming Solutions, Sky Racing and Sky Sports Radio.
Strategy Analysis: TAH¬īs key strategic initiative in the next year will be directing capital and resources to maintaining the strong off-course and online retail wagering distribution network in Victoria and NSW. Further research, development and roll-out of the self service technology and application software will be implemented, which will assist in lowering operating costs. The company will also continue establishing the Tabcorp Gaming Solutions and Luxbet businesses.
Tabcorp Holdings reported NPAT down 61.5% to $72.9m for the half-year ended 31 December 2012. Revenues from ordinary activities were $1.17bn, down 26% from the same period last year. Diluted EPS was 9.9 cents compared to 26.8 cents last year. Net operating cash flow was $152.4m compared to $248.1m last year. The interim dividend declared was 11 cents compared with 13 cents last year. Looking ahead, the Company reported its focus in the second half is on strengthening its digital channels, expense management and executing growth opportunities relating to Fixed Odds, PGI, Keno and TGS. Resolving the uncertainty relating to NSW wagering retail exclusivity and securing the TVN media rights remain priorities.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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