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Tatts Earning Reports

STRONG DIGITAL GROWTH FOR TATTS
 
Australian betting group to focus more on digital following 7.2 percent fall in annual profit in fiscal 2015-2016.
 
Following a strong performance by its digital operations in fiscal 2015-2016, Australian betting group Tatts is to focus on the faster enhancement of the channel to offset disappointing results in other divisions of the company.
 
On Thursday Tatts reported a 7.2 percent fall in annual profit for 2015/16 to A$233.8 million, adversely affected by long-running pokies compensation litigation and a loss on the sale of its UK slots business, Talarius.
 
Tatts had to repay A$540.5 million plus interest to the Victorian government after losing a compensation battle, and took a A$12.8 million loss on the Talarius sale.
 
CEO Robbie Cooke said in a statement that the underlying business remained strong, with net profit from continuing operations rising 3.8 percent to A$263.4 million on strong digital sales and a significant rise in revenue from lotteries.
 
"We are achieving online growth never accomplished in the business before. In both wagering and lotteries our digital traction is outstanding," Cooke claimed.
 
"Looking forward into the year, innovation remains top of our agenda as we pursue organic growth across all our distribution channels.
 
"We are now in a cycle of continuous and rapid enhancement of all our digital assets - a significant step forward for our business."
 
Cooke revealed that Tatts lotteries and wagering apps are now installed on 1.5 million devices, up from about 800,000 a year ago.
 
In fiscal 2016, Tatts lotteries operations posted record results, with revenue rising 8.2 percent to A$2.14 billion, boosted by 45 jackpots at A$15 million or more. The groups overall revenues grew 3.8 percent to A$3.03 billion.
 
Lotteries digital sales jumped 32.2 percent, and wagering digital sales rose 22.5 percent.
 
Tatts now generates more than 30 percent of its wagering sales and 13.5 percent of lotteries sales online.
 
Its UBET wagering business generated growth in turnover of 4.1 percent, up from a decline of 0.9 percent in fiscal 2015, but revenue and earnings were lower.
 
Cooke said that trading in the first month of the current financial year was trending positively.

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Gambling News :

Oryx in deal with Extreme Live Gaming - #oryx Turnkey provider ORYX has selected Extreme Live Gaming for the integration of a number of Live Casino titles to its games platform.

GAN Partners with Station Casinos - B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016

Tipbet Sponsor of easy Credit Basketball Bundesliga for season 2016/2017 - #tipbet The agreement comes with good timing; the BBL basketball 2016/17 season started last Friday, ensuring that Tipbet benefits from high visibility for its brand presence at the games.

Oceanís Call Slot Launches - Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.

Big Names Playing WCOOP - The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.

Should Gibraltar and Britain be regarded as a single state under EU gambling laws? - The issue has been referred to the ECJ by the High Court with the question "should the UK and Gibraltar be treated as a single member state when it comes to EU law on remote gambling?"

Sirplay to Open Argentina Branch - #SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.

DFS Changes for Ohio - #dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.

New Jersey Teams Up With Kahnawake Gaming Commission - The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

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