Betting on casinos too much like Russian roulette
July 2, 2008
TABCORP has shelved plans to spin off its casino business to increase its valuation and attract takeover bids, amid fears the turmoil on the sharemarkets and the high cost of debt will hinder a competitive auction.
Tatts boss sees benefit of Tabcorp link
Tatts Group Ltd's boss Dick McIlwain has acknowledged the potential benefits of merging some of his gaming empire at least with rival Tabcorp Holdings Ltd.
Blow for Tabcorp and Tatts
THE gambling giants Tatts Group and Tabcorp could lose heavily after the Victorian Government decided to end their stranglehold over the poker machine industry after 2012.
Tabcorp applies for NT wagering licence
Tabcorp Holdings says it has lodged an application with the NT government for a racing and sports wagering licence.
Tatts, Tabcorp shares plummet
Shares in Tabcorp and Tatts Group plunged as investors reacted to a decision to end the companies' pokies duopoly in Victoria.
Tatts flirts with Tabcorp
Tatts Group says merging parts of its business with rival Tabcorp Holdings may make sense, following tougher state controls on their operations.
Tabcorp merger with Tatts off the agenda
Gaming giant Tabcorp Holdings Ltd says a merger with Tatts Group Ltd wouldn't be beneficial to the company.
Tabcorp to spend over $300m on Star City
Tabcorp Holdings Ltd will spend more than the $300 million originally planned for the expansion and refurbishment of its Star City casino in Sydney.
Market dips as Tabcorp, Tatts slump
Australian shares fell 0.5%, as Tabcorp and Tatts Group tumble on the loss of a key market for their slot machines.
Good luck hard to find as Tabcorp takes a cut to dealer
Elmer Funke Kupper took up the reins of one of the most challenged large companies on the Australian bourse last year, Tabcorp. He has since been cornered by government decisions detrimental to his business and mistakes by his predecessor.
Tabcorp reports $164.6m loss
Tabcorp has reported a loss of $164.6 million as the Victorian Government says it won't compensate the gaming company for terminating its licence in the state.
Tabcorp, Tatts shares plunge
Tabcorp and Tattersall's shares plunge after the Victorian government announces "gameover" for the licensening duopoly.
Tabcorp, Tatts enter trading halt
Shares in gaming companies Tabcorp Holdings and Tatts Group have been placed in trading halts.
Tabcorp, Tatts lose poker machine...
Shares in Tabcorp and Tatts Group are placed on trading halts after the government ends their duopoly over Victoria's 27,500 poker machines.
Tabcorp takes big hit and bleeds
THE gambling group Tabcorp yesterday posted its first loss since listing 14 years ago, largely triggered by the impending loss of its Victorian poker machine duopoly and the...
Tabcorp books a loss
Tabcorp reports a net loss after tax of $164.6 million after taking a charge on Victorian gaming licences.
Tabcorp recovers well after flu blow
AUSTRALIA'S largest gambling group, Tabcorp,has shaken off a disappointing start to the fiscal year, including the outbreak of horse flu and concerns that increasing costs were...
Tabcorp suffers as whales stay home
TABCORP has reported a dramatic slump in the amount gambled by Asian high rollers visiting its casinos in the past year, because they prefer to gamble closer to home.
Tabcorp applies for NT wagering licence
Gaming giant Tabcorp has lodged an application with the NT government in a bid to grab back some of the gambling revenue lost to the territory from Victoria and NSW.
Tabcorp reports H1 profit of $273.4m
Gaming form Tabcorp says its expects tougher trading conditions ahead, after reporting a 22 per cent rise in first half net profit to $273.4 million.
Tatts, Tabcorp shares plunge
Shares in gaming giants Tabcorp Holdings Ltd and Tatts Group Ltd plunged when they resumed trading on Friday on the Australian stock exchange.
First round: plug the betting leak in...
Brokers believe Tabcorp's foray is defensive and it will be back for more.
Billions lost as pokies duopoly ends
MORE than $2.2 billion was wiped from the market value of the gambling giants Tatts Group and Tabcorp yesterday as the market digested the shock loss of their poker machine...
Tabcorp, Tatts in trading halts
Shares in Tabcorp and Tatts Group are placed on trading halts pending announcements, the Australian stock exchange says.
Fairfax moves to unwind margin loan
THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the...