Tatts Group Ltd recently reported that its first half revenue was up 17.4% to $1.62b, and attributed the increase to its purchase of NSW Lotteries in March 2010. Tatts indicated in its financial results that it expects earnings from lotteries to surpass $240m by 2014 representing a whopping ten-fold increase over what it earned in 2006. The next move by Tatts makes logical sense in entering an agreement with Safran Group’s subsidiary Morpho, to supply and maintain 5,000 lottery terminals and 3,500 ticket checkers.
The terms of the 10-year agreement stipulate that Morpho will support Tatts’ business development, including the expansion of its fleet of lottery terminals in New South Wales in 2012. Morpho was selected by Tatts on the basis of the satisfactory levels of Morpho’s terminals.
“We are very honored by this mark of confidence from a major operator, Tatts,” said Jean-Paul Jainsky, Chairman and CEO of Morpho in the release.
Jainsky added, “Our latest business win clearly illustrates Morpho’s competitiveness in international markets. We obviously hope that this will be only the first step in a long and fruitful partnership with a company that is recognized for its leadership and dynamic spirit.”
Bill Thorburn, chief executive of Tatts Lotteries commented in the release saying, “Tatts looks forward to partnering with Morpho to provide the important future retailer interface to our Tatts Tech lottery system. The first lottery terminals and ticket checkers will be deployed in some 1,600 sales outlets in New South Wales, starting in 2012.”