Australia’s Tabcorp year net profit up 7 pct
SYDNEY, Aug 24 (Reuters) - Tabcorp Holdings Ltd. TAH.AX, Australia’s top wagering group, said on Thursday annual net profit rose 7 percent, helped by cost cuts, but said the start of the fiscal year had been mixed. Tabcorp, which owns four of Australia’s 13 casinos, said net profit for the year ended June 30 rose 7 percent to A$547.3 million ($417.7 million).
Related Casino News:
- UPDATE 1-Australia’s Tabcorp year profit up 4 percent
- Tabcorp First-Half Net Rises 13% on Casinos, Gaming
- Tabcorp Profit Rises 25% on End to Broadcast Dispute
- Tabcorp Second-Half Earnings Fall 12% on Casinos
- Smoking ban takes toll on Tabcorp casinos
- Australian gambling company ousts chief executive officer
- Tabcorp Sales Growth Slows on Fuel Price, Smoking Ban
- Tabcorp Has First Loss as Slot-Machine Rules Prompt Writedowns
- Tabcorp kicks against casino tax bite
- Tabcorp accused of $20m pay-off bid
- Tabcorp Sales Growth Slows to 2.4% on Fuel Prices, Smoking Bans
- Tabcorp ultimatum
Casino gambling facts:
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
- Casino is defined by the Webster's New World Dictionary as the following: a small country house, or a building or room used for meetings, or public amusements, gaming, or a game at cards.
- The Great Wall of China was financed, in part, by a lottery. The Bible is replete with references to drawing lots. Lot casting was a favored means of communication between man and god.
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
RSS feed
