Australian wagering giant Tabcorp is mitigating the economic effects of the coronavirus pandemic by reducing capital expenditures and pointing customers to digital alternatives to available products, according to a report in Inside Asian Gaming.
After the Australian government ordered the shutdown of all non-essential services as of Monday, March 23, Tabcorp announced that it is still able to offer services via its digital lottery products and global racing coverage.
With all casinos, pubs, clubs and other licenses venues shut down, Tabcorp told IAG it is “not currently in a position to provide specific guidance on earnings or financial impacts,” but is “seeking to partially mitigate the impact of these changes by reducing operating and capital expenditure where it reasonably can, encouraging retail customers to use digital alternatives and actively promoting remaining available products.
“We have implemented our business continuity plans and have maintained continuity of service, even with the vast majority of our employees now operating remotely,” said Tabcorp Managing Director and CEO David Attenborough.
“Despite the impact of these changes in licensed venues and, potentially, TAB agencies, we continue to offer customers wagering & media and keno products through our digital channels.”
