{"id":42848,"date":"2020-08-19T07:36:53","date_gmt":"2020-08-19T07:36:53","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=42848"},"modified":"2020-08-19T07:36:53","modified_gmt":"2020-08-19T07:36:53","slug":"tabcorp-annual-results-plunge-to-870-million-loss","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/tabcorp-annual-results-plunge-to-870-million-loss\/","title":{"rendered":"Tabcorp Annual Results Plunge To $870 Million Loss"},"content":{"rendered":"<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-28372\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/12\/tabcorp-300x87.jpg\" alt=\"\" width=\"300\" height=\"87\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/12\/tabcorp-300x87.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/12\/tabcorp.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Australian gambling giant Tabcorp announced their annual results to June 30<sup>th<\/sup> posting a loss of $870 million compared to a profit of $361 million for the previous year.<\/p>\n<p style=\"text-align: left;\">Tabcorp chief executive David Attenborough said on the annual results: \u201cCOVID-19 restrictions meant that hotels, clubs and TAB agencies were closed for significant periods of time,\u201d he went on to say,\u201cWe continue to support our venue partners and have waived more than $100 million in fees to date.\u201d<\/p>\n<p style=\"text-align: left;\">The company actually improved its lotteries and digital channels by having 400,000 new signups to their products during the period, but with the impact of COVID-19 the revenue streams effected the bottom line.<\/p>\n<p style=\"text-align: left;\">In concluding Mr Attenborough mentioned the current situation:\u00a0\u201cIt remains a challenging time, especially for the Victorian community, which is in the middle of a difficult stage 4 lockdown.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian gambling giant Tabcorp announced their annual results to June 30th posting a loss of $870 million compared to a profit of $361 million for the previous year. Tabcorp chief executive David Attenborough said on the annual results: \u201cCOVID-19 restrictions meant that hotels, clubs and TAB agencies were closed for significant periods of time,\u201d he [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123,2,11,8],"tags":[],"class_list":["post-42848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-gaming","category-headlines","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tabcorp Annual Results Plunge To $870 Million Loss - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/tabcorp-annual-results-plunge-to-870-million-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tabcorp Annual Results Plunge To $870 Million Loss - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Australian gambling giant Tabcorp announced their annual results to June 30th posting a loss of $870 million compared to a profit of $361 million for the previous year. 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