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.