Australia's Tabcorp rises after extending agreement with Sportsbet

Tabcorp Holdings

11/08/2023 03:33

** Shares of Tabcorp Holdings Ltd  TAH.AX  rise as much as
1.40% to A$1.0775
    ** Gambling platform operator says extends digital vision
supply agreement with Sportsbet by 10 years until July 31, 2036
    ** Says agreement will generate between A$30 mln ($19.56
mln) and A$40 mln in EBITDA in FY24
    ** Seven of 12 analysts rate the stock "buy" or higher, 4
"hold" and 1 "sell"; their median PT is A$1.21 – Refinitiv data
    ** Stock down 0.47% this year, as of last close
    
($1 = 1.5340 Australian dollars)

 (Reporting by Aishwarya Nair in Bengaluru)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
 ;))