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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 :

Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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