Finance

Tabcorp’s Sun Bets brand reports £28m full-year loss

Australian wagering giant could terminate deal in 2019 if brand doesn’t hit revenues of £16.5m

The Tabcorp-powered Sun Bets brand recorded a loss of AU$46.2m (£28m) in its first full year since making its debut last August after struggling to gain a strong foothold in the UK market. The Australian gambling giant this morning revealed its joint venture with News UK recorded turnover of $203.6m (£123.4m) and revenue of just…

Australia | Finance | Sun Bets | Tabcorp | UK

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