Lotteries drive Tatts’ growth

Lotteries drive Tatts’ growth

Friday, August 21, 2015 Totally Gaming
Australian operator explains upturn in financials

Tatts Group’s lotteries division helped to drive impressive growth for the Australian gambling operator in its latest annual financial results, according to CEO Robbie Cooke.

Cooke said that a strong run of lottery jackpots had helped to boost figures in the 12 months through to June 30, 2015 with the company’s online operations also performing well under the relaunched UBET brand name.

Tatts’ statutory net profit after tax rocketed by more than a quarter year-on-year to Aus$252m (€164m/$184m) on the back of total income of Aus$2.9bn – a 1.8% increase on the previous year.

“Our lotteries business booked a record profit result, our digital initiatives gained strong traction both in wagering and lotteries and, at the latter part of the year, this was sealed off with the successful relaunch of our wagering operation as UBET,” Cooke said.

“The momentum built in FY15 has continued onto the new financial year, kick-started with a strong run of lottery jackpots at the influential Aus$15 million threshold or more - with eight jackpots so far this year at that level compared with five last year.

“The list of initiatives and innovations for the current year is no less ambitious than that delivered in FY2015.”

In November, Tatts announced that its retail and online wagering brands would operate under the name UBET from early this year, with names such as TattsBet, SA TAB, NT TAB, Tasmania’s The Tote and Tatts.com being dropped.

The aim of the rebrand was to take on international rivals such as Sportsbet, Sportingbet and William Hill, which all have an increasing presence in the AUS$26bn Australian market.

Cooke said at the time of the rebranding that Tatts would introduce new digital offerings, including a new website, to mark a change of direction for the company.

Tatts was formed in 2007 through the merger of Tattersalls Limited and wagering company UNiTAB. The Tatts wagering division operates more than 1,400 retail outlets in Queensland, South Australia, Tasmania and the Northern Territory and has a presence throughout Australia via online, mobile app and phone services.

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