Tabcorp H1 digital turnover soars 22%
Melbourne-based operator's online arm records double-digit growth as firm prepares to launch cash-out product
Tabcorp has posted a 22% year-on-year rise in H1 FY15 digital turnover powered by strong growth in its mobile wagering arm and continued investment in its multi-channel model.
The operator reported total digital turnover of AU$1.8bn for six-month period ended 31 December, compared to $1.4bn in H1 FY14, with mobile devices accounting for 63% of the total, rising from 51% in the previous year.
Total group revenues, which includes wagering, media, gaming services and keno, increased 6.7% year-on-year to $1.12bn while EBITDA increased 7.2% to $261.3m.
Tabcorp managing director and chief executive officer David Attenborough said the growth of the business was largely attributable to the integration of its retail and digital arms.
“Tabcorp’s positive H1 FY15 performance reflects the benefits of the continued transformation of our business and ongoing investment in our unique multi-channel distribution model,” Attenborough said.
“The operational focus and investments made by Tabcorp in recent years has given our customers a unique and complete market offering across all channels and products,” he added.
During the H1 period the operator unveiled a new HTML5 website and said it also plans to launch a cash-out product in H2, subject to regulatory approval.
“Tabcorp remains committed to investing in the customer experience across our portfolio of gambling businesses and continuing to drive improvements in productivity,” Attenborough said.