Original article by John Stensholt
The Australian Financial Review – Page: 29 : 12-Dec-16
CrownBet’s financial results for 2015-16 show that the company posted a loss of $16.9m, compared with an $A18.3m loss previously. Its advertising and marketing budget for the financial year was $A79m. In contrast, Tabcorp and Tatts Group spend $A64m and $A61m respectively on marketing during 2015-16. CrownBet boasted wagering revenue of $A157m.
CORPORATES
CROWNBET PTY LTD, CROWN RESORTS LIMITED – ASX CWN, TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, SPORTSBET AUSTRALIA, BET365 GROUP LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, RACING VICTORIA LIMITED, AUSTRALIAN FOOTBALL LEAGUE, RESPONSIBLE WAGERING AUSTRALIA, AUSTRALIAN LABOR PARTY