Tabcorp reports net profit fall

Australian gaming firm Tabcorp Holdings reported a fall in net profit to $340m in the year to June, from $534.8m in the 2010/11 financial year. Tabcorp's online wagering operations generated $2.16bn in turnover, growing by 14.5pc compared to the prior year, while betting turnover via call centres was down 6.8pc, and on-course betting was down 6.3pc.

Tabcorp chief executive David Attenborough said Tabcorp's continuing businesses had started 2012/13 with good momentum, and they would benefit from a number of valuable growth opportunities, such as the new Victorian Keno business and Tabcorp Gaming Solutions, which will help clubs and pubs manage their poker machine operations.

He added that online growth was a natural progression as customers migrated away from using traditional call centres.

"Over 20 per cent of online turnover is now being placed through mobile devices," Attenborough said.