Justin McManus
Tabcorp had a slightly better December half, once significant items were filtered out, but the real story in the gambling industry is competition.
First, though, let’s look at Tabcorp (TAH). In FY15 Tabcorp’s profit was boosted by wins in tax cases, enabling the company to pay a special dividend. In the latest half its significant items are negative, being pursuit of a court case and capital expenditure on the launch of the Sun Bets business in Britai…
Read the full article at: http://www.afr.com/personal-finance/shares/why-tabcorp-is-still-an-eachway-bet-20160205-gmmwkt