Solid Half-year For Australian Land And Online Gambling Group

Tatts reports a 6.2 percent rise in net profit after tax as digital shows the way

Australian land and online gambling giant Tatts Group has reported on its fiscal second quarter results, posting a 6.2 percent rise in NPAT (net profit after tax) to AU$147.9 million, thanks mainly to good results from its online wagering and lottery units.
Highlights reported by the group included:
* Revenue up 6.5 percent to A$1.6 billion;
* Online lotteries revenue up 9.6 percent to AU$1.11 billion with a 35 percent growth rate;
* Double-digit growth in the new UBet brand at over 50 wagering points;
* Wagering division turnover up 3 percent to A$2.14 billion, although revenue was down 4 percent at A$326 million;
* 29 percent of wagering sales now generated online;
* Tatts Group websites attracted an average 3.5 million visits per month, and the company's apps have been downloaded to over 1 million mobile devices, a very substantial rise from the previous year;
* Digital wagering sales up 20.2 percent;
* Interim dividend of 9.5 cents a share has been decided.
Chief executive officer Robbie Cooke said in a statement: "The momentum we are gaining from these digital initiatives in both our lotteries and wagering operations is truly exciting."
Giving a trading update, Cooke revealed that the first six seeks of the second quarter had delivered strong performances all round.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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