Jumbo Interactive extends partnership with Tabcorp | ASX Market Update

  • Jun 29, 2020 AEST
  • Team Kalkine

Attempts by Facebook to stiffen up on hate substance have failed to resolute advertiser defections, with Starbucks, Levi's, Verizon and Smirnoff and Baileys maker Diageo the most recent to join a 30-day boycott. As per the to the Wall Street Journal, Starbucks was Facebook's sixth largest advertiser in 2019, paying close to a figure of US$94.86m on the social network. Sunday saw Coca-Cola pull all advertising from the social media giant.

ASX-listed internet lottery business, Jumbo Interactive Limited (ASX:JIN) has extended its 15-year relationship with Tabcorp Holdings Limited (ASX:TAH) and associated subsidiaries by signing a binding term sheet on 28 June 2020 for new reseller agreements for the next ten years to around July 2030.New ten-year reseller contracts are the longest ever term in the history of Jumbo and offer a basis for continuing expansion.

The Australian Bureau of Statistics reckons 835,000 jobs have been lost since the coronavirus pandemic shutdown. A report by Beyond Zero Emissions, an energy and climate change thinktank, says practical projects to decarbonize the economy could create 1.78m “job years” over the next five years – on average, 355,000 people in work each year – while modernizing Australian industry.The report focuses on proposals being planned that could create jobs by accelerating private and public investment in renewable energy, clean buildings, clean transport, manufacturing and land use that will happen in the years ahead anyway.

#Tabcorp #ASX #Jobs #Kalkine


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