TAH
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.
There are no floats but there are a couple of ex-dividends scheduled for tomorrow and there are many companies which have scheduled their Annual General Meeting on Wednesday October 26, 2011.
Annual General Meetings
Here is a list of companies who have scheduled an AGM today:
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.
Some Australian publicly listed companies provide incentives for their shareholders in the form of a shareholder benefits scheme or shareholder benefits package or shareholder discount schemes. Here is a list of benefits you may be entitled to when you purchase a share of a public company.
Shareholder Benefits List
For tomorrow, August 19, 2011, only one company is scheduled to float in the ASX but there are three stocks that will go on ex-dividend and three companies who will hold their general meeting.
Dividends
Korvest Limited (KOV) is a manufacturing enterprise based in Australia that supplies products and services to various industries.
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.
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.
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