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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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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Australian gambling operator Tatts Group (Tatts), has confirmed the sale of its UK slots division Talarius to Novomatic Group for AUS $210 million (£116 million). Updating the market, Tatts governance informed that proceeds from the sale would be used to pay down its corporate debt, as the company targets year-end profits of AUS $255 – 265 million, performing slightly under …
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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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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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Australian gambling operator Tabcorp has confirmed that it has renewed its media buying account with international marketing and media planning agency OMD. OMD will continue to service as primary media buyer for Tabcorp brands in retail betting, digital services, lotteries and keno sectors. Tabcorp management had called for a review of its media agency services in July, however the operator …
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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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Tatts Group’s new sports betting brand UBET has announced three new sponsorships as the newly merged bookmaker looks to extend its marketing coverage in 2015. Tatts Group CEO Robbie Cooke was pleased to announce that UBet had agreed title sponsorships with Adelaide Football Club (Australian Rules football), Melbourne City FC (Soccer) and the V8 Supercars championship Cooke explained to the …
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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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Australian gambling operator Tatts Group posts an H1 2014 (period ending 31 December 2014) net revenue increase of 14.6% to AUS $139.8 million (£70 million) as group revenues rose a modest 1.2% to AUS $1.51 billion. Tatts Group management stated that its online gambling division had driven H1 2014 improved performance, as the operator recorded 24.8% of wagering revenue generated …
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