Finance

Tatts plunges $5m into anti-Lottoland campaign as profits fall 17%

Group revenues rise 4% on strong jackpot environment but wagering giant loses A$20m of net profit

Tatts Group spent nearly A$5m last year on its campaign to try and shut down bet-on-lotto operator Lottoland, according to the Australian firm’s H2 results released today. The wagering giant, which merged with Tabcorp in December, revealed a 16.6% drop in statutory net profit after tax (NPAT) to A$102m, as a result of the anti-Lottoland…

Finance | Lottery | Lottoland | Tabcorp | Tatts Group

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