Sun Bets “remains under review” after £12.7m loss

Tabcorp says H1 2018 performance from UK-facing brand was “unsatisfactory” after reporting revenues of £2.1m

Tabcorp’s Sun Bets business “remains under review” after the UK-facing brand posted a AU$22.5m (£12.7m) half-year loss despite an improved trading performance in the final three months. The Australian operator today said Sun Bets’ performance remained “unsatisfactory” in the H1 2018 period after recording an EBITDA loss $22.5m, a 5% year-on-year increase on the $21.3m…

Australia | Finance | Sports betting | Sun Bets | Tabcorp | Tatts Group | UK