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Tabcorp VIP Casino Upgrades

Tabcorp’s casino expansion plans are not much exiting the market. One source said “deep dark money pit”! The press announcement brought a downgrade of the company’s rating and outlook. The Tabcorp plans to capture the Australasian VIP market, one that Crown Limited largely dominates. Ratings agency Standard & Poors (S&P;) reduced the Australian-facing company’s A$1.99m debt …

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