Sentences with phrase «company tatts»

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.

Tabcorps earnings per share should be up at least 11 per cent in coming financial years, if it secures rival wagering company Tatts Group.

Not exact matches

The companies failed in a previous attempt to merge in 2015, and since then Tabcorp's shares have gained 11.4 % while Tatts has fallen by the same amount.

Tatts and Tabcorp abandoned merger talks in November last year, but Mr Boon said on Wednesday a tie - up had been «the subject of numerous discussions between the two companies over time».

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.

I feel sorry for the employees of both companies losing their jobs but the stuff they sell was just cheap tatt made in china.

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.

The privatisation has been a point of contention in relation to the $ 11 billion Tabcorp and Tatts merger, with the potential transaction raised as a potential competition issue given both companies would likely have bid for the WA TAB.

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.

Mr Boon said the board had considered demerging one or more of Tatts» business units, selling some assets and maintaining the company in its current state after receiving Tabcorp's takeover proposal last October.

They also asked why Tatts was only getting one board position in the new company and why their chief executive Robbie Cooke was being shown the door in mid-2017.

Mr Boon said he was confident there would be a strong Queensland presence in the new merged company, saying Tatts was buoyed by Tabcorp chairman Paula Dwyer's comments this week that there would be significant jobs in Queensland.

But after receiving a briefing on the company's strong results at the company's annual general meeting in Brisbane, some shareholders at the Tatts questioned whether the Queensland - based company needed to merge with Tabcorp.