Monday, May 19, 2003
This is the new home of FORCES OKLAHOMA bringing smoker's rights issues to blogging.
Tabcorp shares fell 16ยข yesterday to $10.35 as the market continued to digest the news that the company expected a full-year profit fall of 1-3 per cent because of a 12.8 per cent slump in gaming revenue resulting from the smoking ban.
An analyst said Thursday's announcement of the weaker profit outlook was worrying to the extent that results had not improved in recent months.
He said that in February, at the half-year announcement, gaming was down but was expected to improve, and it had not.
Tabcorp is fighting the smoking ban by establishing smoking rooms so that gaming patrons do not have to go outside the building, with the cost borne by venue owners.
Tabcorp shares fell 16ยข yesterday to $10.35 as the market continued to digest the news that the company expected a full-year profit fall of 1-3 per cent because of a 12.8 per cent slump in gaming revenue resulting from the smoking ban.
An analyst said Thursday's announcement of the weaker profit outlook was worrying to the extent that results had not improved in recent months.
He said that in February, at the half-year announcement, gaming was down but was expected to improve, and it had not.
Tabcorp is fighting the smoking ban by establishing smoking rooms so that gaming patrons do not have to go outside the building, with the cost borne by venue owners.
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