TabCorp is one of the biggest gambling operators in Australia, and the company has seen a great deal of growth lately. While the company is always expanding into new markets, TabCorp relies on some old favourites when it comes to generating impressive profits year after year. Over the course of the year’s first quarter, pokies and Keno have helped to boost TabCorp’s growth, contributing billions to the company’s bottom line.

During the first three months of the financial year, TabCorp experienced a 2.9% jump in profits. A large portion of these earnings were generated by Keno, which brought in $53.9 million. During the first quarter, Keno revenue jumped by an impressive 17%. Pokies have also continued to contribute to the growth of TabCorp – even throughout difficult times for the company.

This year, the Victorian government disbanded the poker machine duopoly held by Tatts Group and TabCorp, but the company continued to thrive despite the difficulty. The Tabaret division, which operators gaming machines in clubs, managed to generate $130 billion before losing its Victorian gambling license.

Moving forward, TabCorp hopes to reclaim some of the revenue that will be lost as a result of the disbanding of the company’s duopoly. Both TabCorp and Tatts Group are seeking compensation from the Victoria government worth about $600 million each. However, the government seems to have found a loophole that will prevent gaming companies from filing a lawsuit.

Without a monopoly on Victoria’s poker machine market, TabCorp will have to look for new ways to grow in the coming year. The company’s sportsbetting division continues to thrive, and TabCorp may have to look into expanding it in order to make up for the loss of pokies. The Australian government is also considering amending its Interactive Gambling Act, which could also bear positive consequences for the company.

Since TabCorp is one of the few companies in Australia that is allowed to offer online betting activities, it could stand to benefit greatly from a liberalization of the online gambling market.

About the Author

George Anderson
Author George, has over 25+ years’ experience in the Pokies and Casinos industry throughout Australia and New Zealand. Loves to research new Pokies games on the block and follows announcements from top industry providers about their upcoming releases. As soon as a new interesting pokie game appears on his radar, George is there to check it out and give you the scoop before anyone else and tell you about all casino sites where can play the latest game. Before this gig, George worked as Pokie game tester, making him an ideal candidate for this genre of work. He is also an animal lover and a proud owner of three dogs.