Tatts sees slight growth in wagering turnover in 15Q3

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.”

The company said that the lift in turnover has been achieved notwithstanding continued softness in regional Queensland “noting that the position is improving.”

“The SE corner has achieved turnover growth of 3.1% compared with 1.3% in the same period last year. Regional Queensland year to date remains 4.1% down but this compares favourably against the 7.5% decline in the same period last year.”

The company added that its lottery operations performed well in the quarter with a slightly improved jackpot run of 13 jackpots at or above the $15 million mark year-to-date versus 12 in the same period last year.

In gaming, the company said its performance is tracking above last year in all three divisions with slot operator Talarius – Tatts’ wholly owned subsidiary – continuing to power ahead with revenue up 29.7 percent in the quarter.