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 duopoly which will take effect in four years.
Betfair in all states is hot tip
THE value of billion-dollar wagering licences held by gambling giants Tabcorp and Tattersalls could be under threat from a High Court ruling yesterday allowing the Tasmanian betting exchange half-owned by James Packer's Crown Limited to offer internet and phone betting across the nation.
Stocks open flat as Tabcorp, Tatts slump
Tabcorp and Tatts Group slump as Australian market posts a flat opening.
Tabcorp, Tatts in trading halts
Shares in Tabcorp and Tatts Group are placed on trading halts pending announcements, the Australian stock exchange says.
Between a rock and a write-down
Michael Evans scales dizzy heights in his search for adventure.
Stocks to watch
Stocks of interest on the Australian stock exchange today.
A grand view of the rubble
Michael Evans dreams of one day flying high above his troubles, too.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Horse flu saps Tabcorp earnings
Australian gaming group Tabcorp Holdings said on Thursday first-half profit fell 3%, hit by an outbreak of horse influenza, and said it faced tougher trading conditions.
ASX slightly firmer with banks stronger
The Australian share closed marginally firmer, with the banking sector gaining ground and a slightly positive Wall Street adding to the buoyant local tone.
A grand view of the rubble
Michael Evans's dreams of one day flying high above his troubles, too.
Two Way launches new TV wagering service
Two Way will launch its new TV wagering service, Sky Racing Active, with partners Tabcorp Ltd and Foxtel, next week.
Shares end week lower
The sharemarket eased a further 0.1% on Friday, as Tabcorp and Tatts Group plunged after the Victorian government decided to scrap their duopoly .
Stocks finish week slightly lower
The Australian share market closed slightly lower as gaming companies Tabcorp Holdings Ltd and Tatts Group Ltd plunged.
Victoria fences in the winners' circle
There are plenty of smart people out there whose golden investment rules include never putting money into government-regulated industries.
Tatts to write off intangible assets
Gaming and wagering company Tatts Group will write off the carrying value of its gaming machines licences and brands this fiscal year.
Tatts to make changes after govt ruling
Tatts Group says it will adjust its business model to maximise profits from poker machines after government rules to end its duopoly with Tabcorp Holdings.
Riding out the storm
The global credit crunch has changed the landscape for business, financial markets and the economy. In interviews with the Herald, 20 of Australia's top CEOs across a wide range of industries reveal that they do not expect things to improve this year - but their companies are weathering the turmoil well. Leonie Wood reports.
Betfair in deal with TOTE Tasmania
Internet wagering firm Betfair has entered into an agency deal with Tasmanian totalisator provider TOTE Tasmania.
Tatts in market for $1bn loan
Tatts Group is in the market for a $1 billion loan arranged by Commonwealth Bank, nabCapital , RBS Australia and Westpac.
US jitters stain local bourse red
THE sharemarket closed deep in the red yesterday as the ripples from a slump on Wall Street slump on Friday reached Australian shores.
Local punters moderate losing streak...
AFTER a disappointing nine months for James Packer's Crown Limited, in which investors had dumped stock amid fears the company was overexposed to the ailing US gaming market,...
08/20/08
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Aussie stocks may rise as oil slides
The Australian stock market is expected to open relatively flat, but may rise slightly after oil continued to slide.
Transport, consumer stocks to lift...
Australian shares are expected to rise, with transport and consumer related stocks seen firming on the back of further fall in oil prices.
Aristocrat's unfortunate trait:...
Nothing focuses the minds of listed company board members more than knowing that various litigators are waiting in the wings.
Stocks to watch
Stocks to watch on the Australian Stock Exchange:
02/21/08
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