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Tabcorp earnings seen lifting despite challenges facing Australia’s sports betting market
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Tabcorp earnings seen lifting despite challenges facing Australia’s sports betting market
Investment research firm Morningstar is predicting long-time Australian racing and wagering giant Tabcorp to report a 17% increase in year-on-year EBITDA to AU$371 million for the fiscal year ended 30 June 2025 – a welcome improvement given the country’s challenged wagering market. In a note, Morningstar equity analyst Angus Hewitt said that although Tabcorp’s wagering turnover is expected to have declined for the period, this was likely more th…
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