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Tatts Posts Full Year Results : Profits Down

Thursday August 21,2014 :  F.Y. PROFITS FALL AT AUSSIE GAMBLING GROUP
 
Tatts sees net profit after tax decline 19 percent.
 
One of Australia's leading online and land betting groups, Tatts, has posted full year results that will be disappointing for shareholders, reporting a 19 percent y-o-y drop in net after tax profits for the twelve months ended June 30 2014.
 
Talking points in the firm's report include:
 
* Net profit after tax down 19 percent at A$200.4 million;
 
* Revenue down 2.8 percent at A$2.9 billion;
 
* Good lottery growth, with a 7.8 percent rise in profit before tax of A$326.6 million;
 
* EBITDA up 2.1 percent to A$414.5 million;
 
* Online sports bets generated 22.9 percent of total sales (20.2 percent in FY 2013);
 
* Gaming income improved, contributing A$51.3 million to EBIT;
 
* Sports wagering declined 7.4 percent to A$144.1 million, but Tatts secured retail exclusivity for QLD Racing and Sports until 2044.
 
Chief executive Rob Cooke said that the preceding year had been a hard act to follow due to exceptional lottery performance, and that the latest results were adversely impacted by a A$42.6 million health benefit levy charged by the Victorian provincial government , which undermined net profits.
 
Cooke added that the group has exciting initiatives in the pipeline, and is well positioned for the year ahead, with trading strong in the opening months of lottery and wagering operations



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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