Tabcorp Revenues Drop by 4% for FY 2022

Record number of sporting event cancellations the main cause of poor results

Tabcorp Revenues Drop by 4% for FY 2022 - Wednesday, August 24th, 2022 3:55

Tabcorp

Tabcorp Holdings has released its FY 2022 report revealing that revenue for the full year ending on June 30th dropped by 4% to AU$2.37 billion (€1.64 billion).

Tabcorp Revenues Drop by 4% for FY 2022 Tabcorp Revenues Drop by 4% for FY 2022 Tabcorp Revenues Drop by 4% for FY 2022

Speaking in a presentation to investors, Tabcorp Managing Director and CEO Adam Rytenskild said:

“We’ve made an urgent start to transform Tabcorp into a competitive and growing business. We have a clear strategy and a focused ambition to grow our customer base. FY22 was a disrupted year with first half Covid lockdowns in our two largest markets, a record number of race meetings washed out and the priority challenges of a company pre-demerger.

Tabcorp Revenues Drop by 4% for FY 2022

None of this is possible without our people, and we are working quickly to change our culture and the way we work to be innovative, bold and unified to win.”

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.

Tabcorp Revenues Drop by 4% for FY 2022