TAH 0.83% $4.76 tabcorp holdings limited

don't bet on a comeback anytime soon

  1. 10,372 Posts.
    lightbulb Created with Sketch. 4
    From today's Melbourne Age:


    Smoking bans in Victorian gaming venues have accelerated the decline in Tabcorp's gaming machine revenues in hotels and clubs.

    The gaming and wagering group yesterday revealed a revenue slump of 8.8 per cent from September 1 - when the restrictions were introduced - to November 30.

    Soon after the laws came into effect, Tabcorp said revenue was down 6.6 per cent from September 1 to October 19 and that this could cost the group $40 million this year if the downturn persisted.


    Add to this setback the fact poker machine restrictions/reforms due to be introduced in 2008, such as $10 maximum bet, banning autoplay, etc.

    And also that current gaming licenses' expire in 2012, at which time the whole gaming industry will be re-structered.

    All adds up to a big cloud hanging over the future of TAH.
watchlist Created with Sketch. Add TAH (ASX) to my watchlist
(20min delay)
Mkt cap ! $9.640B
Open High Low Value Volume
$4.81 $4.83 $4.73 $25.28M 5.299M

Buyers (Bids)

No. Vol. Price($)
2 27761 $4.75

Sellers (Offers)

Price($) Vol. No.
$4.76 358758 14
View Market Depth
Last trade - 16.10pm 22/11/2019 (20 minute delay) ?
-0.040 ( 0.89 %)
Open High Low Volume
$4.82 $4.84 $4.73 1301813
Last updated 15.59pm 22/11/2019 (live) ?
TAH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.