Pokies levy drags down Tatts profit

Original article by Jessica Gardner
The Australian Financial Review – Page: 15 : 22-Aug-14

Tatts Group has posted a 2013-14 net profit of $A200.4m, which is 19 per cent lower than previously. The result was marred by factors such as a $A42.6m poker machine levy, while its 2012-13 result had been boosted by a one-off tax benefit. The wagering division’s revenue was down two per cent at $A642.3m, while the lotteries division’s revenue was 4.3 per cent lower at $A1.9bn. CEO Robbie Cooke says Tatts will launch a new website and a new wagering brand

CORPORATES
TATTS GROUP LIMITED – ASX TTS, CITIGROUP PTY LTD, PENGANA CAPITAL LIMITED

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