Tabcorp Profit Rises 25% on End to Broadcast Dispute
Aug. 24 (Bloomberg) — Tabcorp Holdings Ltd., Australia’s biggest gaming company, reported a 25 percent increase in second- half profit after the resolution of a television broadcast dispute encouraged gamblers back to its betting shops.
Related Sports Betting News:
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- UPDATE 1-Australia’s Tabcorp year profit up 4 percent
- Tabcorp Second-Half Earnings Fall 12% on Casinos
- Century Casinos 1Q Profit Rises
- PartyGaming First-Half Profit Rises on More Customers
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Gambling history facts:
- 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.
- Poker is derived from the Persian game of "as nar" and was probably based on the dice game "tali", which was played by the Romans.
- Up to the 1960s, Nevada was plagued by teamster financing, hidden ownership, employment of individuals of questionable character and background, and the clear links to organized crime.
- Lotteries Have Been Prominent Throughout History. Ancient India, China, Greece, and Japan all had lotteries. The emperor Nero had lotteries for prizes at parties.
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