BUSINESS

Tits for Tatts: Aussie gambling firm’s earnings flat

TAGs: gambling in Australia, Tatts Group

TattsTitsFunny, they don’t look all that flat from here… Australia’s third-largest gambling company, Tatts Group Ltd., has revealed flat first-half earnings, sending its stock down almost 3%. In the six months ending in December, lower earnings were reported in both its slot machine and betting-shop divisions, and while lottery earnings were up 15%, “the business will not sustain the current growth rates,” according to a company spokesman. Read more.

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