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    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 […]

    Ubet fined for promoting alcohol while gambling

    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 […]

    Australia’s Tatts Group reports 6.2 percent lift in half-year net profits

    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 […]