News: Tabcorp casino demerger hits FY result

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Tabcorp Holdings Limited’s (ASX:TAH) net profit has fallen 36 per cent in the full 2012 financial year, dragged down by the demerger of its casinos business.

In the same period the gaming company’s net profit rose 12.7 per cent on a continuing-operations basis to $340 million.

CEO David Attenborough says Tabcorp will benefit from a number of valuable growth opportunities in the next financial year, such as the new Victorian Keno business and Tabcorp Gaming Solutions.

Mr Attenborough confirmed that Tabcorp will persevere with its growth strategy to ensure its customers could utilise the most compelling gaming products.

A fully franked dividend of 11 cents per share has been declared.