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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 group Tatts Group, the Sun Bets start-up is key to Tabcorp's efforts to cut its exposure to Australian betting as international rivals erode its market share.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
