Tabcorp optimistic on casino wins - 2004-02-19
Huge earnings from its casinos, newfound synergies from its Jupiters acquisition and the declining effect of smoking prohibitions in Victoria has Tabcorp Holdings tipping a 20 to 25 per cent boost in net profit for fiscal 2004, the company reported yesterday.
Synergies from the Gold Coast casino chain are now intending to crack $9.5 million this financial year and $20.5 million in 2005, well ahead of the yearly $10.2 million estimated at the time of the settlement.
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