Tabcorp Holdings Limited (TAH)
All research reports and stock updates for Tabcorp Holdings Limited.
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Is digital a miss?
TAH reported an EBITDA that exceeded market expectations, primarily attributed to a reduction in OPEX which came in lower than anticipated.
Digital dash
Tabcorp’s CEO says the company has drawn a line in the sand over its FY22 result and is now embarked on a digital odyssey aiming for a younger and broader audience. TAH may yet win the WA TAB licence.
Competition gets louder
Tabcorp’s iron grip on venue-based gambling in NSW has been loosened ever so slightly.
New jockey cracks digital whip
The COVID-19 disruption ruined FY22 for Tabcorp so it is best left to history. The new financial year has sprung into life, post the demerger of Lotteries, and with a new CEO in the saddle.
Tab 2.0
The demerger of the Lotteries & Keno business from Tabcorp in May has given Tabcorp an opportunity to rethink its strategy.
Rails run
Tabcorp has taken a few kilos out of its saddle with a significantly better outcome to the Racing QLD dispute than feared.
Roughy
Having parted ways with the lotteries business, Tabcorp has returned to its horse racing industry roots with the incongruous gaming services business in tow.
Bacon saved, again
The Lotteries and Keno division is set to be demerged from Tabcorp by June this year. In the half-year result, lotteries once again saved the group result, probably for the last time, as COVID messed up the Wagering and Media division.