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Tabcorp reports write-downs and profits

Source: Lateline Business
Published: Thursday, August 7, 2008 9:14 AEST
Expires: Wednesday, November 5, 2008 9:14 AEST

Gambling operator Tabcorp has ended a troubled financial year with $700 million in write-downs, most of it relating to the loss of the company's poker machine licence in Victoria. But investors have been cheering the company's better than expected operating profit.

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Tags: company-news, gambling, australia

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