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Tabcorp set to lose millions from COVID shutdown – NEWS.com.au

Tabcorp set to lose millions from COVID shutdown

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Major gaming company Tabcorp has warned the economic downturn caused by the coronavirus pandemic has reduced the value of its business by more than $1 million. In an update provided to investors on Monday morning, Tabcorp said its financial results for the year ended June 30 would incur a $1 million to $1.1 million non-cash impairment charge.
It said the charge had dented the value of it goodwill and was a direct impact of government measures imposed to curb the transmission of COVID-19.
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