Wagering giant Tabcorp has followed global rival Entain in warning investors about soft trading conditions, reporting that revenue fell across its divisions just three months into the new financial year.
Shares in the ASX-listed operator fell 10.3 per cent to 87.5¢ on Thursday when it took the unusual step of providing the market with first-quarter 2024 revenue performance, which it said was an attempt to provide clarity on broad market conditions.
Loading...
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
