Sentences with phrase «tatts lotteries»

It will also have the strong - performing Tatts lotteries business, which faces online competition from digital - only lotteries bookmakers such as Lottoland and CrownBet, which recently launched its own lottery service.

While activist shareholder Sandon Capital has been a voluble opponent of the deal, arguing Tabcorp is getting a very good asset in the Tatts lotteries business, there are enough big shareholders who own stock in both companies that are in favour of the transaction to make a favourable vote likely.

Not exact matches

Chief executive Robbie Cooke, overseeing what could be his last annual results if Tatts merges with Tabcorp, told The Australian Financial Review he was keeping a «close watch» on the Australian Sports Commission's push for a lottery to fund Olympic sports.

Tatts Group will be «very protective» of its lotteries assets around the country should the federal government move ahead with plans to establish a national sports lottery that may cannibalise Tatts» customer base.

Tatts derived 66 per cent of its pre-tax earnings from its lotteries division in 2017, though a lack of jackpots hit the company's overall result.

Tabcorp will present Tatts Group shareholders with a scrip and cash takeover bid on Wednesday morning, proposing to take full control of the wagering and lotteries company.

Lotteries and gaming company Tatts Group said its net profit for the 2016 financial year fell 7.2 per cent to $ 233 million, compared to last year.

Tatts could also face competition from the mooted national sports lottery.

As the wrangle continues for Tatts Group's lotteries business, CEO Robbie Cooke loses his government relations chief.

The revelation that the Tatts board considered options including a demerger will be of little comfort to activist investors, such as Sandon Capital, which has called for the lucrative lotteries business to be spun out off Tatts.