TATTERSALLS UP THE ANTE FOR TALARIUS

5 January 2007

Unexplained escalation in purchase price...

Reuters this week reported a surprise price escalation in the bid by Tattersall's and Macquarie Bank subsidiary European Gaming to acquire Brit betting group Talarius (see previous InfoPowa reports)

The Australians revealed Friday that European Gaming had raised a previously agreed offer for British amusement arcade firm Talarius Plc by 3.7 percent to GBP142.3 million ($280 million).

European Gaming, owned by gaming group Tattersall's and Aussie investment bank Macquarie, said in a statement it had raised its offer to 280 pence per Talarius share from the 270 pence announced on November 22.

It did not say why it had raised its offer and the company was not immediately available for comment.

Talarius, which started life as a unit of British leisure conglomerate Rank Group Plc, has two divisions: an online gaming arcade, Cyberslotz, and Britain's largest chain of adult gaming centres, Quicksilver, with 185 sites.

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