Tag Archives: Tatts

Tabcorp outlines ‘new enlarged capacity’ despite Sun Bets setback

Publishing its 2017/18 (period ending 30 June) annual results, a new look Tabcorp Holdings demonstrates its enlarged capacity, recovering from its 2016/17 woes. The ASX-listed gambling group points towards a new direction as it incorporates the lottery and betting assets of Tatts Group, forming Australia’s biggest gambling enterprise (deal concluded December 2017). A significantly enlarged Tabcorp records 2017/18 group revenues …

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Lottoland urges Australian government to revise proposed ban

Copyright: Phillip Minnis / 123RF Stock Photo

Lottoland is calling on the Australian federal government to review its proposed ban within the country, after raising concerns over the financial security of the Australian Lottery and Newsagents Association (ALNA). The new legislation wouldn’t permit Australians to bet on the outcome of international lotteries, with ALNA heavily lobbying for a ban which it has previous labelled as a “positive …

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Lottoland offers Australian newsagents share of profits

Neds - Copyright: somartin / 123RF Stock Photo

Lottoland Australia has offered the nation’s 4,000 news and lottery agents a profit sharing agreement, which will see newsagents receive a share on every bet on overseas lotteries that they refer to the company. Designed to “ensure wider choice for customers – and additional revenue for newsagents” through the offer of 20 percent, which it states could be worth “thousands …

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Enlarged Tabcorp restructures marketing divisions

The governance of Tabcorp Holdings has begun to consolidate its business operations with AUS $11 billion merger partner Tatts Group. The Australia ASX-listed operator has moved to realign its enlarged corporate marketing framework, which will service multiple Tabcorp/Tatts betting, lottery, keno and racing brands. Triggering the merger consolidation process, Australian news sources have revealed that Tatts Group Chief Marketing Officer …

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Tatts details strong lottery momentum ahead of Tabcorp alignment

Australia ASX-listed gambling group Tabcorp Holdings, has published the final trading statement of Tatts Group Limited, as the companies move to combine their operations in 2018. Publishing H1 2018 results (period ending 31 December), Tatts reports a 19% increase in period revenues generated from ordinary activities of AUS $ 1.37  billion. Tatts revenue uplift was primarily driven by its lottery …

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Cost of Tatts pursuit weighs heavily on Tabcorp’s 2017 results

The AUS $11 billion merger pursuit of Tatts Group, has significantly impacted the performance of Australia ASX-listed gambling group Tabcorp Holdings. Following a year of judicial hearings and compliance reviews, Tabcorp governance announced last December that it had secured final approval to complete its merger with Tatts Group. However, publishing its half-year 2018 results (period ending 31 December), Tabcorp reports …

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Tabcorp and Tatts announce merger integration

Tabcorp Holdings and Tatts Group have announced that the combination of the two firms has been completed. A statement from the firm read: “Tabcorp Holdings Limited (Tabcorp) advises that the Scheme of Arrangement (Scheme) in relation to the combination of Tabcorp and Tatts Group Limited (Tatts) has been implemented today. Tatts is now a wholly-owned subsidiary of Tabcorp.” Adding: “Tabcorp …

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Tabcorp shuts down loss making Luxbet

Tabcorp Holdings has decided to shut down online property Luxbet (luxbet.com), as the company focuses on completing its approved AUS $11 billion merger with Tatts Group. The underperforming online betting division had been under strategic review throughout 2017. In its latest trading update, Tabcorp governance disclosed that Luxbet had made pre-tax losses of approximately AUS $13 million (£7.5 million) for …

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Supreme Court approval sees Tabcorp and Tatts merger set date

The long proposed merger between Tabcorp Holdings and Tatts Group has moved a further step towards completion, following approval of the scheme from the Supreme Court of Victoria. Originally announced in October of 2016, court orders have now been lodged with The Australian Securities and Investments Commission (ASIC), with the scheme now effective and a date of implementation set for …

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Tabcorp ends Odyssey affair as Tatts investors approve of marriage

Australia ASX listed gambling group Tabcorp Holdings has confirmed that it has completed its full divestment of Odyssey Gaming Services (Odyssey). Updating investors, Tabcorp confirms that it has fully sold its gaming machine and venue solutions supplier to Australian National Hotels Pty Limited, a transaction initially agreed in April 2017. The divestment of Odyssey is in accordance with merger demands …

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