lottery

Australia's Tabcorp has swung to a net profit of $28.7 million in 2017/18 following its merger with Tatts Group

Tabcorp chief executive David Attenborough said digital sales rose strongly in Tabcorp's lotteries business, growing by 27.8 per cent and accounting for almost 18 per cent of total lottery sales. Mr Attenborough said despite customers shift towards online gambling, bricks and mortar stores weren't going anywhere. "It's really at the heart of the of a lot of Australian communities - their local pub and club," he told reporters. "We do not see a development where you end up with digital without retail, all our long-term strategies are about the integration within the retail environment."

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