You are here

British startup's huge loss casts doubt over Tabcorp's growth strategy

Sun Bets has suffered a S$23 million loss before interest, tax, depreciation and amortisation for half ended Dec 31
Friday, February 3, 2017 - 05:50

BT_20170203_NAHTAB3_2723506.jpg
The S$23 million loss suffered by Sun Bets was worse than forecasted and pulled Tabcorp's share price down by 4 per cent.

Sydney

AUSTRALIA'S largest betting company, Tabcorp Holdings Ltd, on Thursday revealed steeper-than-expected losses at its British online betting startup, casting doubt over a key plank of its growth strategy.

Alongside Tabcorp's A$6.2 billion (S$6.7 billion) bid for lotteries

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom