NSW Government announcement on the future of greyhound racing
Tabcorp Holdings Limited notes an announcement made today by the NSW Government in relation to the ceasing of greyhound racing in NSW as of 1 July 2017. The NSW Government’s announcement is attached.
NSW greyhound racing represents around 5% of Tabcorp’s total wagering turnover. However, Tabcorp expects a significant level of substitution will occur to other wagering product, such as thoroughbred racing, harness racing, sport and animated racing. Tabcorp’s media business, Sky Racing, will work with other Australian and international racing industry bodies to source alternative racing product.
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For more information:
Media: Nicholas Tzaferis, GM Corporate Affairs, 03 9868 2529
Financial analysts: Lachlan Fitt, GM Investor Relations and Strategy, 02 9218 1414