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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 :

2017 MPN Poker Tour - Main Event packages, worth €1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as €0.25. Each €1,500 package includes:

Realistic Games in deal with Kindred Group - The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.

Opposition to Anti Online Gambling Bill in Congress Lame Duck Session - Action groups appeal to House Appropriations Subcommittee to ensure that RAWA style language is not attached to unrelated spending bill.

DFS banning bill Introduced in Illinois - The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.

Cambodia To More Closely Control Online Gambling - Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.

Jimei group distances itself from his Philippines activities - The move followed news that the Philippines authorities have issued a warrant for Lam's arrest on charges of economic sabotage and attempted bribery, according to local media reports. His investor visa privileges have already been withdrawn.

South Africa Land Casino Owners Still Feel Online Gambling is a Threat - The latest annual report of the #Casino Association of South Africa, a trade association for most of the country's land casino operators, continues to cite online gambling

Spinomenal Appoints Eduardo Tupper as COO - Israeli software developer, Spinomenal, has appointed former chief operating officer of Ortiz Gaming, Eduardo Tupper, as Senior Vice President.

Ninja Power Slot Launched By Slotland - I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.

WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? - The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.

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