Tag Archives: Tatts Group

Lottery ‘Record Breaking Year’ lifts Tatts Group 2016 performance

Presenting its 2016 full year report (period ending 30 June), Australian ASX-listed gambling operator Tatts Group has revealed a mixed set of results reporting strong digital growth hindered by legal costs. Closing its FY 2016 Tatts Group (Tatts) would post a statutory net profit decline of -7% to AUS $233 million (£136 million). Tatts 2016 earnings would be impacted by …

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Tatts enters ‘advanced negotiations’ for Intralot Australia & New Zealand division

Updating the market, ASX-listed Australian gambling operator Tatts Group Limited (Tatts) has announced that it has entered ‘exclusive talks’ to acquire Intralot’s Australian and New Zealand business division. Tatts have confirmed to Australian business news sources that stakeholder negotiations have ‘advanced to a confirmatory due diligence stage’. However, the company would further state that no final proposal had been made. …

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NZ TAB confirms talks with Australia’s Tabcorp

Tabcorp is part of a 3-way race for a wagering deal with New Zealand’s TAB, as the Australian company looks to push into overseas markets and diversify its earnings. NZRB chief executive John Allen commented: “The New Zealand Racing Board is currently in discussions with three organisations, of which Tabcorp is one, to explore options to automate our fixed-odds betting …

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Tatts Group rebrands all lottery assets

Continuing the restructure of its lottery division, Australian gambling operator Tatts Group has created unified brand ‘The Lott’, which will align the services of state lotto operators Golden Casket, New South Wales Lotteries, Tatts, South Australia Lotteries and Tatts Northern Territory. New brand ‘The Lott’ will be introduced this June throughout all Tatts Group lottery assets and delivery channels (desktop, …

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Australia Racing Minister seeks speedy sale of state-owned TAB

Australian news sources have reported that Racing & Gaming Minister Colin Holt is seeking to privatise the Western Australia TAB network (WA TAB), which represents the country’s last state-owned betting agency. Holt is reported to be seeking a AUS $1 billion sale for the state asset, with the Racing Representative Group set to present its auction plans to WA regulators. …

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Tabcorp reported to have rejected Ladbrokes Australian joint venture

The Sydney Morning Herald (smh.com.au) has reported that Tabcorp governance rejected a joint venture approach by Ladbrokes Plc, in a move that would have rocked the Australian betting market. Ladbrokes are reported to have proposed the joint venture in late 2013, with the firm looking to create Australia’s biggest gambling operator. At the time Ladbrokes had launched its Australian betting division …

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Tabcorp still keen on Tatts Group wagering assets

Despite failing to agree merger terms, Australian business news sources have reported that competitors Tabcorp and Tatts Group may enter some form of corporate union in 2016. Business news sources have reported that Tabcorp governance are still closely monitoring Tatts wagering assets in Queensland, South Australia and the Northern Territory. Following a weekend of speculation, on Monday Tabcorp and Tatts …

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Strewth! Tatts & Tabcorp $9 billion merger talks collapse

Australia’s biggest gambling operators Tatts Group and Tabcorp have failed to agree terms on a merger which would create a + $9 billion enterprise. This weekend national news sources reported that a conformation of the merger talks between the two parties was imminent, but almost immediately the deal was dead in the water. The planned merger would have seen the …

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Tatts Group marks UBET future expansion for retail betting performance overhaul

Tatts Group CEO Robbie Cooke, has outlined that the unifying UBET brand and operations, will be the key driver of Tatts Group future corporate growth. Presenting 2014/2015 year end results (period ending 30 June), Tatts group posted net profits of AUS $252 million (£117 million) up 25% on the corresponding years performance of AUS $200.4 million. Driven by record sales …

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Queensland government sets up greyhound racing cruelty investigation

Following the revelations of animal cruelty and betting corruption by a ABC News TV expose, the Queensland government has established an independent investigation into greyhound racing. The news of the investigation follows the suspension of 28 greyhounds by New South Wales Racing (NSW Racing), after ABC News revealed that their trainers had used live animals as bait to ‘blood’ (gain …

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