Sydney, July 5, 2007 (ABN Newswire) - The Australian share market rose today as resource firms gained on stronger metal and oil prices. The market was also spurred on by speculation of a possible merger between Zinifex and Oxiana Resources.

The ASX 200 Index close up 64 points at 6362, and on the futures market the SPI 200 shed 10 points.

Tabcorp says its revenue from internet sales in racing and sports betting has passed the $1 billion mark. In the last financial year, betting on racing and sporting events through the company's website rose to $1.012 billion...an increase of 24 per cent. Tabcorp managing director Robert Nason says the gaming giant has driven rapid sales growth through the internet and it continues to be their fastest growing distribution channel. Tabcorp has around 400 thousand account customers, 140 thousand of which are internet-enabled. Shares in the Tabcorp closed 0.87% higher at $17.39

The full report is available at the following video and audio links.

Video Link

http://www.finnewsnetwork.com/asxgen/get_asx.aspx?site=abnnewswire&intro=MBL_Marketwrap.wmv&media=close(Broadband).wmv&content_type=BUSINESS_REPORT&date=20070705


Audio Link

http://www.finnewsnetwork.com/asxgen/get_asx.aspx?site=abnnewswire&media=close.wma&content_type=BUSINESS_REPORT&date=20070705

>>> CSR LIMITED
>>> QANTAS AIRWAYS LIMITED
>>> TABCORP HOLDINGS LIMITED
>>> WESFARMERS LIMITED
>>> WESTRALIAN GAS AND POWER LIMITED