Australian gambling corporation Tabcorp Holdings just announced their latest financial profits for the ending quarter of September. The profit that Tabcorp made this quarter due to online gambling has increased by some major percentages.
These are the main increase in percentage for the September 30th, 2012 Quarter:
The total revenue for this quarter went up 3.9 Australian Dollars. That is a 3.1 Increase since last year’s overall quarter for the 2012. Last year’s overall profits were only $488.9 Million Australian Dollars. The profit for the racing and sporting betting for Tabcorp Holding increased by thirty percent. This is a major increase in their fixed odds gambling.
The TAB Outlet revenue increased at 5.5% which resulted in a $385 Million dollar extra profit for Tabcorp Holdings.
The digital turnover wagering section of Tabcorp Holdings had a 14% increased profit this year. This resulted in an extra $656.2 Million Australian dollars for Tabcorp. The company’s revenue for its online gambling operation Luxbet grew 37% this year.
This means more profit down the road for Tabcorp Holdings.
The CEO of Tabcorp Holdings commented on this company’s performance in this quarter. He went on to say, “This first quarter’s growth demonstrates how persistent Tabcorp Holdings is to increase its profit and better our customers”