Tabcorp Holdings
Tabcorp Holdings Limited (TAH) is engaged on providing gambling, leisure and other entertainment services. Tabcorp owns and manages Sydney’s Star City Hotel and Casino and the three branches of Jupiter Hotels and Casino located in Gold Coast, Townsville and Brisbane. TAH was listed on the 15th of August 1994. Its average annual revenue reaches approximately $3 billion out of its issued capital of $8 billion. Its headquarters is located in Melbourne, Australia and to date; around 11,000 people are employed in the company.
Gambling and gaming business, Tabcorp (ASX:TAH), Chief executive David Attenborough has announced their full year accounts on Thursday during the stock market reporting season.
- Net profit was down from $540.8 million (2010-2011)to $340 million. But prior year included casino business which was demerged.
Echo shares rose yesterday after speculation that Crown Group's James Packer will finally pounce and go for a takeover bid for newly minted Echo Entertainment.
Reports that Packer had acquired 49 percent of Echo caused a $4.52 spike in shares. Tabcorp's (ASX:TAH) casinos business was demerged into Echo Entertainment last week. Echo owns three casinos in Queensland and Sydney's Star City.
Yesterday’s demerger of Tabcorp Holdings' (ASX:TAH) casinos division will attract more prospects for a takeover, said chairman John Story. Shareholders overwhelmingly voted for the casino side to be split into separately listed group Echo Entertainment.
Tabcorp Holdings' (ASX:TAH) spin off Echo entertainment will seek revenue through the refurbishment of three Queensland casinos and a $1 billion upgrade of Star City in Sydney. As speculations went ahead of the $5.2 billion demerger of Tabcorp and Echo, chairman John Story says that the upgrade of Star City was achieved without interfering with revenue.
Gambling group Tabcorp Holdings (ASX:TAH) revenue slashed around 8 percent after floods cancelled horse races and blocked access for gamblers, to $61 million for the quarter which was the only setback at the most positive view. The gambling giant reported a 5.4 percent rise in revenue to $1.06 billion.
Gambling and entertainment company Tabcorp Holdings (TAH) (ASX:TAH) reported an increase in revenue by 5.4 percent for the March quarter despite "significant" impact of the Queensland floods in January and February.
Australian gaming company, TabCorp (ASX:TAH) is planning to split its stocks into two: separating its company into two parts – its casino business and its wagering, gaming and Keno enterprise. From July next year, the two separate entities will be listed on the Australian Securities Exchange. The company hopes to raise $430 million to redevelop its casinos and lure punters away from Crown.
Study the historical dividends for TABCORP HOLDINGS LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive TAH dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the TAH dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
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