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Australia: Modest growth in gambling expected in earnings reports

12 August 2011

AUSTRALIA -- Growth for Australian gambling companies is expected to be modest when they report their earnings this quarter, the Herald Sun reported.

Companies like Tabcorp are likely to report growth of about 2 or 3 percent, the report said.

The explanation for modest growth is competition from international destinations and the effect of recession on discretionary income spending, the Herald Sun said.

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Australia: Modest growth in gambling expected in earnings reports is republished from Online.CasinoCity.com.