Tabcorp Q3 digital turnover up 17%
Sydney-listed operator's online business records turnover of AU$815m as it affirms its multi-channel approach
Tabcorp posted a 17% year-on-year rise in digital turnover for the three months ended 31 March, as the Melbourne-based firm continues to feel the benefits of retail and online integration.
In a Q3 trading update, the operator recorded total digital turnover of AU$814.8m (£424m), up 16.8% compared to the comparative period last year, with turnover from its Luxbet brand up $188.2m.
Total group revenues, which includes wagering, media, gaming services and keno, increased 3.3% year-on-year to $1.6bn (£845m), driven by a 5.6% rise from its wagering arm to $440.6m.
Tabcorp managing director and chief executive officer David Attenborough said he was pleased with the growth of the company’s wagering business over the quarter.
“It was pleasing to see the momentum in wagering continue on the back of a strong first half, which included a successful soccer World Cup,” he said.
During the H1 period the operator unveiled a new HTML5 website and has previously said it expects to launch a cash-out product in H2, subject to regulatory approval.
Last week the Sydney-listed firm also announced plans to push into the burgeoning eSports market though the launch a new eSports platform in partnership with US-based firm Unikrn.