Tabcorp waives debt pledge to strengthen liquidity during Covid-19

ASX-listed wagering giant increases liquidity position to $820m after deferring taxes on Keno and lottery products

Tabcorp will not pay a final dividend for 2020 having waived its debt covenants with lenders as the Australian operator seeks to navigate the Covid-19 crisis. Tabcorp shares halved at the height of the coronavirus pandemic after sporting events were cancelled, racetracks shut down and retail betting and lottery outlets were forced to close. Updating…

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