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Tabcorp Holdings: Dividend of almost 9% might make it worth a flutter

22.05.12 Email

Tabcorp Holdings Limited (ASX: TAH) today reported its first half 2012 results. In June 2011, Tabcorp demerged its casinos business into a new entity Echo Entertainment Group Ltd (ASX: EGP), and kept its remaining wagering and gaming businesses.

Net profit after tax for continuing operations was $189.3m, up 14% compared to the prior corresponding period. Revenues were up 2.8%, and earnings per share were up 3.5% to 26.9 cents.

Tabcorp announced a 13 cent fully franked dividend for the first half and expected revenue and earnings trends to continue in the second half of 2012.

About Tabcorp the company

Tabcorp is engaged in the provision of entertainment (aka gambling) services. The company operates four main business groups.

Wagering, which is engaged in totalisator and fixed odds betting activities Victorian Gaming, which is engaged in electronic gaming machine operations in licenced clubs
Source: The Motley Fool