Headquartered in Brisbane, Australia, and listed on the ASX, Tatts is involved in the wagering, lotteries and gaming industries with an operational footprint extending across every State and Territory of Australia, throughout New Zealand and into the United Kingdom. Tatts is a major race wagering and sports betting operator generating sales in excess of A$3.6 billion annually, a world leading lotteries operator with annual sales topping A$4.3 billion and experts in gaming and gaming systems – covering the full spectrum from gaming venue operation (including the development and supply of gaming products and services to hotels and clubs), to developing and operating regulated monitoring systems for governments.It owns and operates a wide portfolio of brands including UBET, Tatts, NSWLotteries, Golden Casket, Bytecraft, Talarius and Maxgaming.
Frank Makryllos is the chief operating officer of gaming solutions at Tatts Group, holding the position since 2013. Makryllos is responsible for operating business units:Maxgaming - Maxgaming provides monitoring and value add services such as wide area linked jackpots to hotels and clubs in NSW, Queensland and the Northern Territory.Talarius - operates c.170 Adult Gaming Centres c.8,000 machines in the UK.Operates Quicksilver.co.uk Online Gaming Web Site.Bytecraft Systems- provides diverse technology and logistics based services specialising in the provision of fully managed, end-to-end technical support services in the gaming, wagering, lottery, retail, information technology and banking sectors. Operates across Australia & New ZealandPreviously, he served as the chief executive of Tatts Pokies since October 12, 2006.
Harry Boon is the chairman and non-executive director of Tatts Group. Harry was chief executive officer and managing director of ASX listed company Ansell Limited until he retired in 2004, a position which capped a career spanning some 28 years with the Ansell Group.Harry has lived, and worked in senior positions, in Australia, Europe, the US and Canada, and has broad based experience in global marketing and sales, manufacturing, and product development. He is multilingual and has a strong track record in delivering business results through setting ambitious goals, building the appropriate organisation and relationships and relentlessly pursuing objectives.
Robbie Cooke is the managing director and CEO of Tatts Group. Robbie's management career has traversed the wagering and gaming industries and online travel retailing sectors.Robbie joined the Wotif Group as Chief Operating Officer in 2006 and was promoted to Group CEO and Managing Director in 2007.Prior to that he was Head of Strategy and General Counsel at UNiTAB (now part of Tatts) from 1999 to 2005. He has also held commercial, corporate finance and legal roles at Santos, HSBC James Capel and MIM Holdings Limited. He holds a Bachelor of Laws (Honours) and Bachelor of Commerce from the University of Queensland together with a Diploma in Company Secretarial Practice. Robbie is a member of the Australian Institute of Company Directors and Chartered Secretaries Australia.
Tabcorp posted an 8.7 percent increase in revenue in the first full year after combining with Tatts Group, with a strong contribution from its lottery and keno division.
Former Tatts chief executive Robbie Cooke is set to join a small business banking and payment services company, local media reports. Cooke is expected to leave Tatts in March following the company’s merger with wagering giant Tabcorp. From there, Cooke will take on the role of chief executive of Tyro, which offers lending and deposit […]
Tabcorp is planning to close online bookmaker Luxbet following its $11 billion merger with Tatts Group, according to Australian media reports. Customers were told by email on Friday that bets will no longer be taken from Dec. 22. “In August, Tabcorp Holdings Limited (Tabcorp) announced it was undertaking a strategic review of its Luxbet business,” […]
Comtrade Gaming has announced that their G2S Protocol Engine is now a part of Tatts Group’s newly implemented MAXsys monitoring system for New South Wales, Australia. MAXsys will span over 2,500 gaming venues and 95,000 gaming machines. “Our latest system implementation MAXsys provides a technology platform which facilitates ongoing innovation in our industry”, explains Frank […]
The Supreme Court of Victoria has approved the scheme of arrangement for the combination of Tabcorp and Tatts Group, with the two companies now finally given a clear path to implementing their much anticipated merger. On Tuesday, Tatts announced that its shareholders approved of the company’s merger with Tabcorp Holdings Limited, with 98.6 percent of […]
Strong lotteries jackpot performance boosted Tatts Group revenue for the first quarter of FY18, a boost of 6.8 percent compared to previous year period, according to the latest filing from the operator on Tuesday. Said revenues for the first quarter of the financial year reached A$743.1 million, while first quarter net profit after tax reached […]
The merger of Tabcorp and Tatts Group is back on track after the Australian Competition Tribunal ruled on Friday that the merger is allowed proceed again, local media reports. The merger was called back into question in July after the Australian Competition and Consumer Commission appealed against the tribunal’s first ruling in June. Following the […]
The A$11 billion (US$8.9 billion) merger between Tabcorp and Tatts is looking more likely to be delayed after the Competition Tribunal set an October 24 to 25 date for the merger rehearing, The Australian reports. The dates fall after an October 18 proposed meeting where Tatts shareholders are expected to vote on the deal. “This […]
The A$11 billion (US$8.9 billion) merger between Australia’s Tabcorp and Tatts Group hit a rather large snag on Wednesday after the federal court ruled that the decision be sent back to the Australian Competition Tribunal (ACT), local media reports. The latest court decision is a result of a July appeal from the Australian Competition and […]
Lotteries and wagering giant Tatts Group posted a 5.7 percent decline in net profit for the financial year ending June 30, 2017, impacted by fewer major jackpots, and poor weather in the racing season. Tatts said despite profit being down from last year, its results were strong – absorbing significant merger costs (A$23.4 million net […]
Australian wagering giant, Tabcorp swung to a loss of A$20.8 million ($16.5 million) in the year ending June 30, hurt by the costs of its merger with rival Tatts and legal costs. The group had $199.7 million of one-off items, including $61.8 million in fines and legal costs after regulator Austrac ruled the company had […]
The Australian competition regulator has withdrawn its bid to stop the Tabcorp-Tatts merger from moving forward while the appeal against its approval is heard, local media reports. The Australian Competition & Consumer Commission (ACCC) originally sought an injunction after requesting for a federal review of Australian Competition Tribunal’s approval of the deal. ACCC chairman Rod […]
Australia’s corporate bookmakers will be the hardest hit should South Australia’s point of consumption tax be adopted by other states in the country, says CLSA analyst Anthony Longo in a note on Friday. The analyst said that calls for a national point of consumption tax has been gathering in Victoria and New South Wales, who […]
Tabcorp says it remains confident in its proposed merger with Tatts Group, despite a recent legal challenge from the Australian Competition and Consumer Commission (ACCC), which opposes the merger. On Monday, the ACCC said it had applied for a judicial review of the recent Australian Competition Tribunal (ACT)’s decision to approve the Tabcorp-Tatts merger, alleging […]
The proposed Tabcorp-Tatts Group merger is set to face a new set of hurdles after the ACCC on Monday announced it is seeking a judicial review of its recent approval. The watchdog on Monday said it has applied for a judicial review of the recent Australian Competition Tribunal (ACT)’s decision to approve the Tabcorp-Tatts merger, […]
Tabcorp Holdings has been given the go-ahead from the Australian Competition Tribunal for its proposed merger with lottery giant Tatts Group, according to an ASX announcement from Tabcorp on Tuesday. The tribunal noted it is “satisfied that the proposed merger is likely to result in substantial public benefits,” according to president, John Middleton in a […]
The decision on whether the proposed merger between Australia-listed Tabcorp and Tatts Group will be allowed to go ahead has been extended by three months, local media reports. The Australian Competition Tribunal was scheduled to make a ruling by Tuesday next week, but the deadline has been extended to September 10. The ACT said it […]
Australian lottery giant Tatts Group Ltd has acquired a 15 percent stake in internet lotteries business Jumbo Interactive Ltd for A$15.7 million, according to a filing from Tatts last week to the Australian Stock Exchange. Last week, Tatts purchased 6.6 million newly issued Jumbo shares at A$2.37 per share, with a 12-month option to acquire […]
The Pacific Consortium, the group behind the most recent takeover offer for Australia’s Tatts Group, says it will not undertake any further work on a bid after its latest A$6.2 billion (US$4.6 billion) cash bid was rejected by the Tatts board. “Given the current approach of the Tatts board the consortium does not intend to […]
Private equity group Pacific Consortium has sweetened its offer for the proposed takeover of Tatts Group, making an all cash bid of A$7.2 billion, or A$4.21 cash per Tatts share. Last year, Tatts Group rejected the consortium’s cash-and-shares offer, which valued the lotteries giant at A$3.40 per share cash for the lotteries business and shares […]
Wagering giant Tabcorp has agreed to divest its Queensland electronic gaming machine monitoring business, Odyssey, as part of the process for securing competition approvals for its proposed merger with Tatts Group Ltd. In a filing to the Australian Stock Exchange on Tuesday, the group announced it has executed agreements with Australian National Hotels Pty Ltd, […]
Australia-listed Tabcorp has lodged an application with the Australian Competition Tribunal for authorization to proceed with its merger with Tatts Group. According to a media release, the tribunal application “will be supported by substantive evidence from a wide range of industry participants and experts as to the substantial public benefits from the Transaction accruing to […]
Australia’s competition regulator says it will examine the proposed merger between wagering giants Tabcorp and Tatts Group “in greater detail”, according to a media release on Thursday. “The ACCC (Australian Competition & Consumer Commission) has consulted extensively with industry participants within the racing, wagering, and gaming industries. The matter raises complex competition issues in a […]
Australian wagering giant Tatts Group saw a narrowing of net profit in the first half of the 2017 fiscal year, down 16.5 percent to A$122.8 million. The result “reflected both the challenge of cycling over last year’s all-time record Powerball and Oz Lotto jackpot run, and the continuing investment required for UBET to sustain its […]
Comtrade Gaming’s G2S (Game to System) Host-side Protocol Stacks will be integrated into Tatts Group products starting in 2017, according to a press release from the company. Comtrade Gaming’s software solution will serve as a technical addition to Tatts Group’s monitoring platform in Australia. “Monitoring gaming machines in highly regulated jurisdictions is extremely complex,” explains […]
Australian lotteries giant Tatts Group Ltd. has rejected the A$7.3 billion (US$5.5 billion) offer from the Pacific Consortium for its acquisition. Earlier in December, a consortium of four financial investors, called the Pacific Consortium offered up to A$7.3 billion for the acquisition of Australian lottery operator Tatts Group. The Pacific Consortium comprises First State Superannuation […]
A consortium of four financial investors, called the Pacific Consortium has offered up to A$7.3 billion (US$5.5 billion) for the acquisition of Australian lottery operator Tatts Group, according to a filing to the Australian Stock Exchange on Wednesday. The Pacific Consortium comprises First State Superannuation Scheme, Morgan Stanley Infrastructure Inc., which is an adviser to […]
The acquisition of Tabcorp Holdings Ltd will be a “relatively difficult bite” for Ladbrokes Coral Group Plc, said analysts from Citigroup Inc. quoted by Bloomberg. Earlier this week, it was reported that Ladbrokes Coral was interested in acquiring Tabcorp in a multi-billion dollar deal. The deal would create one of the world’s biggest gambling groups, […]
Tabcorp and Tatts Group may be forced to sell some of their non-wagering businesses under terms imposed by the Australian Competition & Consumer Commission (ACCC), according to market analysts. The market experts, quoted by The Australian, have noted that the ACCC denied the partnership nearly a decade ago, on the grounds of unfair competition. But […]
Ladbrokes Coral is reportedly interested in acquiring Australia’s largest betting company, Tabcorp in a multi-billion dollar deal. According to local media, Ladbrokes Coral has hired advisers within the last few weeks to work on the proposal. The deal would create one of the world’s biggest gambling groups, worth close to GBP5 billion (US$6.2 billion). It […]
Tabcorp has confirmed it has grabbed a 10 percent stake in Tatts Group in a strategic move to shore up the $11 billion merger between the two. According to a filing to the Australian Stock Exchange, Tabcorp entered into a cash-settled equity swap on Friday, which gives it rights to 147 million share in Tatts […]
Australia’s corporate bookmakers have been up in arms over the latest changes to the Interactive Gambling Act, which they claim give Tabcorp and Tatts Group free reign over in-play betting. According to a joint letter sent by Australia’s bookmakers in early November, the latest IGA amendments included a measure that would effectively give the Tabcorp-Tatts […]
Wagering giant Tabcorp was hit with investor backlash in its latest annual general meeting over a proposed increased pay packet for its executives and its planned merger with Tatts Group, local media reports. Just over three-quarters of proxy votes were cast at the AGM in Sydney on Tuesday supporting the company’s plans to increase the […]
Australia’s Tabcorp Holdings and Tatts Group have agreed to a A$11.3 billion ($8.7 billion) merger, in a deal which analysts say could help defend against popular online rivals. The transaction will see Tabcorp offer 0.8 Tabcorp share plus A$0.425 in cash for each Tatts share. That implies a value of A$4.34 per share. “This transaction […]
Australia-listed Tabcorp and Tatts Group said on Tuesday that they are in talks to create a A$9.34 billion ($7.1 billion) betting giant, Reuters reports. According to an investment banker involved in the talks, a transaction could be announced within the next two days. Tabcorp announced a “Trading Halt Session” on Tuesday in a filing to […]
Australian wagering giant Tatts Group has announced the departure of the group’s CFO, Neale O’Connel as well as the COO of wagering, Barrie Fletton. According to a filing to the Australian Stock Exchange on Wednesday, Neale O’Connell had been the group’s chief financial officer for the past three years, and has decided to return to […]
Lotteries and wagering company Tatts Group said its net profit for the 2016 financial year fell 7.2 percent to A$233.8 million ($179.7 million), down from A$252 million in 2015. The results came under analyst estimates of A$266 million. Tatts said profits fell following the loss on the sale of UK-based Talarius and the repayment of […]
Australia-listed Tatts Group has confirmed it has “for some time” been in discussions with Intralot SA to potentially acquire Intralot’s Australian and New Zealand businesses. The confirmation came after DataRoom revealed the potential Intralot deal. According to the company, the discussions have advanced to a confirmatory due diligence stage and Intralot has agreed to conduct […]
Tatts Group wagering subsidiary Ubet has become the first company in NSW to be convicted of promoting drinking and gambling, local media reports. The ad reportedly showed people betting with half drunk glasses of beer while watching others place bets, and the court also found that people were being induced to join the service through […]
Australian lotteries and wagering firm Tatts Group has sold its interest in its UK slots business to Novomatic. “The sale of Talarius follows three years of intense effort to improve the performance of a business that struggled since its acquisition by Tatts back in 2018,” said Tatts CEO and managing director Robbie Cook. The UK […]
UK-based bookmaker Ladbrokes has accused the Australian federal government of favoring incumbents Tabcorp and Tatts Group with its decision to ban “click-to-call” systems for live sports. The Norfolk-Island licensed bookmaker is the first of its peers to stop offering the service in Australia. Earlier this week, the Northern Territory government sent a letter to its […]
Australian wagering giant Tatts Group is positioning its lotteries division under a unified master brand, named “The Lott,” local media reports. Tatts Lotteries COO Sue van de Merwe said the decision was needed to unify the lottery brands within the community. “While our game brands offer players a high level of trust and integrity with […]
Australia’s Tatts Group has told investors its $9 billion merger with rival Tabcorp will remain “on ice” due to concerns related to the bidding of Western Australia’s TAB network, local media reports. Robbie Cooke, chief executive of Tatts Group said uncertainty over the response from the Australian Competition and Consumer Commission to a merged bid […]
Online betting on live sports will be banned until the next federal election, local media reports. The in-play betting ban means that bookmakers offering the “click to call” and other live betting systems, including William Hill, Ladbrokes and Bet365, will be shut down. According to The Australian, the government has not yet decided whether it […]
Australian wagering giant Tatts Group bid close to twice the amount of its contenders to win the monitoring deal for NSW’s poker machines, local media reports. In February, Tatts won exclusive monitoring rights for all NSW hotel club and gaming machines until 2032, out-bidding Clubs NSW and the Hotel Association of NSW by almost double […]
Tatts Group has been told it must pay back more than $540 million ($391 million) to the Victorian Government after losing an appeal in The High Court of Australia. Tatts will also have to pay the state’s costs for the appeal, costs from earlier court hearings and interest, which has yet to be determined. Tabcorp […]
Gaming Minister Colin Holt has told Treasurer Mike Nahan he will not support the sale of WA TAB if the money goes towards paying down the mounting state debt, local media reports. Instead, Holt has reportedly demanded the money to be directed towards the state’s racing industry. “The State Government will not proceed with a […]
Australia’s largest non-casino gambling group, Tatts Group has reported a 6.2 percent lift in half-year net profit to AU$147.9 million (US$105.5 million), according to a recent filing to the Australian Stock Exchange. The group cited strong online performance in its lotteries and wagering divisions, where online lotteries saw an 34.8 percent increase in performance and […]
Western Australia’s betting agency will be officially put up for sale within weeks, according to WA’s Racing and Gaming Minister, Colin Holt in an interview with the Australian Financial Review. The potential $1 billion deal (US$710.6 million) for Australia’s last owned betting agency has seen Australia’s Tabcorp and Tatts Group fighting for the rights to […]
Tatts may see its near total lottery monopoly threatened by Gibraltar-based online lottery betting operator, Lottoland, local media reports. Lottoland has been making headlines in the last few days, after it was announced that the massive $1.5 billion Powerball Jackpot was open to Australians, made possible as a result of a five-year wagering licence granted […]
Tatts Group’s Robbie Cooke has said there is little evidence Australians have embraced live sports betting through illicit offshore websites. Former NSW Premier Barry O’Farrell is leading a review for the federal government into Australia’s online wagering sector which is looking to regulate online live betting. Earlier in December, Sportsbet warned the government that not […]
Tatts Group shareholder Sandon Capital voiced disapproval over a potential $9 billion merger between Tatts and wagering company Tabcorp, and suggested that Tatts should look at separating its wagering and lotteries businesses, The Sydney Morning Herald reported. Sandon Capital portfolio manager Gabriel Radzyminski said that Tatts could be worth more than $5.50 a share […]
Tabcorp and Tatts Group announced to the stock exchange that talks regarding a merger have failed and will not continue after both companies were unable to agree on the terms. “Tabcorp confirms that while confidential discussions have taken place regarding a potential merger, the companies were unable to agree mutually acceptable terms and those discussions […]
Australia-based Tatts Group reported that its wagering business saw an improvement in 15Q3 with turnover returning to growth despite softness in the Queensland market. “We have seen our wagering turnover return to growth with a turnover lift of 3.6 percent on the same period last year. It must however be emphasised it is still early days.” […]
A Tabcorp-Tatts Group merger “makes sense” but is unlikely to materialize until the Western Australian wagering licence is sold, said CLSA Research. Recent mergers and acquisitions in the UK wagering sector have increased the focus on a potential deal highlighting synergies and the importance of scale especially, said CLSA in a note. The Tabcorp and […]
Tatts group chairman Harry Boon announced that the company has agreed to extend the contract of Robbie Cooke, current CEO and managing director, for a further three years. Cooke will be paid a fixed annual remuneration for $2 million per year and be entitled to an ‘at risk’ annual performance incentive up to a maximum […]
Tatts Group announced a 25.7 percent rise in net profit after tax for FY15, driven by a strong performance in its lottery business. After tax profit on a statutory basis rose to $252 million, which on a continuing operations basis represented a 12.9 percent profit lift to $255.8 million. The company said this was achieved […]
Australia’s Tatts Group reported a 14.6 percent increase in half-year net profit after tax following strong digital sales, the company announced. The company’s net profit after tax came to $139.8 million generated from revenues of $1.51 billion, up 1.2 percent on the first six months of the 2014 financial year. The company’s online lottery increased […]
Stephen Lawrie, a more than 30-year veteran at Australia’s Tatts Group has resigned as chief information officer, according to a media report. Lawrie became the group’s CIO after his former employer Unitab merged with Tatts in 2006. He had been the head of technology with Unitab since May 1999. Lawrie led shared services for the […]
Australian racing is in the midst of one of the biggest changes in its long history as the nation's two biggest states – New South Wales and Victoria – wage what the media have dubbed a "turf war" and behind which lies two different approaches to the business of betting.
Lottoland, which was barred this week from taking bets on domestic Australian lotteries, vows to press on with its international business in the country and warned that the growing online operations of the incumbents pose a greater threat than it does to agents and ticket sellers. The ban follows a simmering campaign against the company by critics who claim the government is losing tax revenue and news agents and other lottery sellers and taking a hit.
Australian operators are concerned a point of consumption tax introduced in South Australia may go national, which they say could potentially render the wagering industry unprofitable. The measure is an attempt to tax money where it is actually earned, effectively preventing online companies from enjoying tax arbitrage by basing their operations in a low tax state while offering their services across the country.
Australia’s booming sports betting market is still seen as being attractive to foreign investors despite the merger of local incumbents Tatts and Tabcorp, which are now expected to dominate the market. Opponents to the merger say the combination will reduce competition in the fastest growing area of the market - online and telephone betting. It also comes hot on the heels of new online gambling legislation, which far from bringing Australia in line with international standards, imposed a more restrictive regime.
It’s not the first time we’ve had cause to write about the impact of politics on Asia’s gaming industry and it’s unlikely to be the last. This time politics are casting a shadow over Australia, where attitudes towards gambling appear to be hardening. The recent election has strengthened the position of a hardline anti-gambling crusader, who may now have a much stronger voice.
There have been several recent changes to its gambling legislation in Australia that may have wide implications in both the online and land-based sphere, including the first case brought under the anti-money laundering laws by AUSTRAC.On 22 July 2015, AUSTRAC initiated court proceedings against three subsidiaries of Tabcorp for “extensive, significant and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing legislation.” This is the first time that AUSTRAC has initiated Court proceedings under the act, showing it's not a toothless tiger.