Tag Archives: Tatts Group
- Australian federal court derails $8.8B Tabcorp-Tatts Group merger
September 20, 2017
The multi-billion dollar marriage of Australian betting firms Tabcorp Holdings and Tatts Group is once again in limbo after the Federal Court upheld a petition seeking to block the union. Justice Nye Perram tossed the AUD$11 billion Tabcorp and Tatts Group merger deal back to the Australian Competition Tribunal –...
- Lottoland uses Tatts’ own words to refute cannibalization claims
September 13, 2017
Online lottery betting operator Lottoland is pushing back against Australian lottery operator Tatts Group’s ‘Lottoland’s Gotta Go!’ campaign. This week brought a concerted effort by Tatts and Aussie retail lottery sellers to convince local lottery players that Lottoland represents an existential threat to the status quo, something Lottoland would freely...
- Tatts Group launch “Lottoland’s Gotta Go!” campaign
September 11, 2017
Online lottery betting operator Lottoland’s Australian division is under threat from state governments looking to defend traditional lottery retailers. On Monday, the Herald Sun reported that three Australian state governments – Victoria, Western Australian and Queensland – were considering imposing new regulatory curbs on Lottoland’s business model, in which players...
- After false starts, Western Australia pushes ahead with TAB sale
August 28, 2017
The government of Western Australia has reportedly opened up discussions to offload state-owned betting agency TAB. On Monday, the Australian Financial Review reported that the government of WA Premier Mark McGowan is set to appoint an adviser on the sale, after the state’s Treasury received pitches from several banks. TAB,...
- Tabcorp merger costs weigh heavily on Tatts fiscal profit
August 18, 2017
Now is probably not the best time to be in Tatts Group boss Robbie Cooke’s shoes. The weight of Tatts' planned merger with rival Tabcorp is putting immense pressure on Cooke, especially after Tatts' profit dropped 5.7 percent in its most recent fiscal year. In a regulatory filing, lottery and...
- Pending merger drags Tabcorp to a US$16.6M net loss
August 4, 2017
Australian betting firm Tabcorp has bled millions of dollars in the 12 months through June as its planned merger with rival Tatts Group drags on. In a regulatory filing, Tabcorp reported a AUD20.8 million (US$16.6 million) net loss compared to a net profit of AUD169.7 million ($135.36 million) in the...
CrownBet launches new TV ad, but won’t mention betting
September 26, 2016