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Tatts Group Limited released its half year 2012 financial report
02/24/2012 : TATTS REPOSITIONING STRATEGY PAYS OFF
Future strategy points to ramping up internet and mobile services
Australian lottery and gaming firm, Tatts Group Limited released its half year 2012 financial report for the period ending December 31, 2011, showcasing a respectable performance across the board. Group revenues were reported up by 4.1 percent, while group net profit after tax increased 11.3 percent.
Showing a growth in internet wagering of 6.4 percent, the firm is ideally placed for future growth having completed the complex task of merging 200 000 TattsBet and 500 000 Tatts Lottery customer accounts. The merge of these customer accounts will enable Tatts to provide them with seamless internet access to a full range of Tatt's wagering and lotteries services from one port of call.
Internet and mobile wagering and lottery services are scheduled for a major overhaul going forward with new products developed for the company scheduled for release over the next 18 months.
The firm anticipates Tote Tasmania's inclusion in its TattsBet wagering portfolio during the course of March.
Tatts' exit from the pokies market will ensure a more secure and reliable gambling business operating away from "the glare of the controversy generated by poker machine operations", outlined a company statement, allowing the company to continue gaining benefits from its re-positioning strategy.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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