Catastrophe! – TABCORP Give the World a Lesson in How to Destroy a License to Print Money
Tabcorp has released its half-year results today, and they are dreadful. Year on year wagering revenue has collapsed, falling by $126 million. Profits have plunged from $132 million to $43 million. This is catastrophic for racing, as a large punt of funding for the sport in each state (excluding WA, which for the moment still […]