Tabcorp full-year digital turnover up 18%
Melbourne-based operator's multi-channel approach pays off as online turnover rises to AU$3.4bn
Tabcorp chief executive David Attenborough today hailed the success of the operator’s retail and digital business integration after the Melbourne-based firm reported a 18% rise in full-year online turnover.
According to a financial statement released this morning, the Australian operator recorded total digital turnover of AU$3.4bn (£1.6bn) in the 12 months ended 30 June 2015, with mobile now accounting for 63% of the total.
Total group revenues increased 5.7% year-on-year to $2.2bn (£1bn), driven by a 6.9% rise from its wagering and media arm to $1.9bn (£890,000) which includes its Luxbet and TAB Sports betting brands.
“Tabcorp’s 2015 financial performance demonstrates the progress we have made in the delivery of our multi-channel distribution strategy and our focus on customers, products and brands,” Attenborough said.
“Wagering and media achieved strong revenue and EBITDA growth in FY15, with customers responding to our integrated retail and digital offer,” he continued.
During the 2015 financial year the operator debuted a range of products including a new HTML5 website and cash-out functionality for the first time in April, a feature which has seen more than 100,000 bets cashed out to date.
Attenborough added he expects the company to deliver strong growth during the next financial year as it looks to integrate its online and retail businesses even further.
“Tabcorp is well placed to drive profitable growth through our well-diversified business model, market leading brands and deep customer base,” Attenborough said.
“We will continue to invest in our businesses and give our two million customers a compelling offer,” Attenborough he added.
The release of Tabcorp’s full-year financial results come just weeks after the after an Australian government agency AUSTRAC accused the operator of “extensive, significant and systemic non-compliance” with the country’s anti-money laundering and counter-terrorism laws.
The civil proceedings could see Tabcorp face fines of up to $17m (£8m) and the operator today said it was currently “managing these matters” in collaboration with AUSTRAC.