gaming
Gaming company Tabcorp Holdings (ASX:TAH) has reported increased first quarter revenue in all divisions despite gloomy market conditions.
Revenue for the three months to September rose 2.7 percent to $759.4 million, boosting shares to $2.71 ( a 4.2 percent gain).
Chief executive David Attenborough said Tabcorp’s wagering, gaming, keno and media and international divisions all posted revenue growth even during the demerger of Echo, the company's casino business.
Victorian racing will get a minimum $1 billion over three years as part of the joint deal with Tabcorp (ASX:TAH), which has proposed a performance obligation payment until 2015.
After Tabcorp defeated rival Tatts Group yesterday for Victoria's 12-year wagering and betting licence, shares rose more than 5 percent to $3.26, a 16 cents increase. Tatts shares added 1 cents to close at $2.33.
Aristocrat Leisure (ALL), a gaming company that develops gaming machines, software systems and other related equipment and runs business in Americas, Asia Pacific and Europe was the number one winning company of the 12th week in ASX100 with a gain of 7.3 percent or 32 cents to its stock price closing the week at $4.65 (market capitalisation $2480.2 million).
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