Q3 Fall In Revenues For Tabcorp

Tabcorp the Australian gaming giant has announced a fall of 6% in total revenues for their Q3 results, with the COVID-19 pandemic impacting greatly on closures through the companies portfolio of businesses.

Retail felt the major damage of course said CEO David Attenborough with revenues there down a massive 55% from the same period in 2019, followed by lotteries down 7% along with wagering and media falling 3%.

David Attenborough said also, “The duration and severity of COVID-19 is unclear, however Tabcorp remains well placed with our resilient, diversified earnings base and strengthened balance sheet.”

Tabcorp only release full reports twice a year, one for the H1 and then full year annual results.