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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

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


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...

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