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PR Newswire
27-10-2014, 06:10 AM
http://www.asx.com.au/asxpdf/20141027/pd...dfnpn8.pdf
The return of scratch-its to Tatts in Victoria
27 October 2014 - The Victorian Government has approved a variation to Tatts’
public lotteries licence in Victoria, expanding the Group’s authorised product offering
to include scratch-its and daily keno. This action follows a decision by Intralot to end
its category 2 public lotteries licence and no longer offer these products for sale in
Victoria and Tasmania.
Tatts’ new licence arrangements together with transition arrangements agreed
between the State, Intralot and Tatts, will:
ensure no disruption in service for customers and retailers;
protect State revenues; and
provide lower ongoing costs for selling agents.
In announcing the new arrangements, which are expected to become effective from
February 2015, Tatts Group’s Managing Director and CEO Robbie Cooke said:
“We are delighted to have been provided the opportunity to return to selling
scratch-its in Victoria along with daily keno. These products are highly
complementary with our existing portfolio of lottery games in Victoria, which
include the ever popular Tattslotto, Powerball and Oz Lotto.
This announcement provides 760 plus retail partners in Victoria with an
exciting opportunity to join Tatts in selling the same popular range of instants
we offer in New South Wales, Queensland, ACT, South Australia, Tasmania
and Northern Territory. With a 130-year history and having sold lotteries in
Victoria dating back to 1954, Tatts is proud to be trusted with this opportunity
and is committed to success. ”
The amended licence arrangements (which continue for the term of Tatts’ current
Victorian licence) are expected to make a positive contribution to Tatts’ EBITDA from
commencement. Intralot achieved $51.9 million in sales of scratch-its and daily keno
in the financial year ended 30 June 2014. To assist in ensuring a smooth transition,
Tatts has agreed to purchase specified ancillary assets from Intralot and has secured
licences over certain intellectual property rights and software – the consideration for
which is non-material. Tatts will be working with Intralot agents to coordinate a
seamless transition over the coming months. This transaction is subject to certain
conditions precedent and regulatory approvals (including ACCC).
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Media enquiries please contact:
Analysts and institutions please contact:
Carolyn Prendergast
Corporate Communications Manager
Ph: (07) 3435 4543
Mob: 0409 910 561
E: carolyn.prendergast@tattsgroup.com
Giovanni Rizzo or:
General Manager – Investor Relations
Ph: (07) 3877 1002
Mob: 0409 578 247
E: giovanni.rizzo@tattsgroup.com
Monique Rennell
Executive Assistant to CEO
Ph: (07) 3435 4478
E: monique.rennell@tattsgroup.com
The return of scratch-its to Tatts in Victoria
27 October 2014 - The Victorian Government has approved a variation to Tatts’
public lotteries licence in Victoria, expanding the Group’s authorised product offering
to include scratch-its and daily keno. This action follows a decision by Intralot to end
its category 2 public lotteries licence and no longer offer these products for sale in
Victoria and Tasmania.
Tatts’ new licence arrangements together with transition arrangements agreed
between the State, Intralot and Tatts, will:
ensure no disruption in service for customers and retailers;
protect State revenues; and
provide lower ongoing costs for selling agents.
In announcing the new arrangements, which are expected to become effective from
February 2015, Tatts Group’s Managing Director and CEO Robbie Cooke said:
“We are delighted to have been provided the opportunity to return to selling
scratch-its in Victoria along with daily keno. These products are highly
complementary with our existing portfolio of lottery games in Victoria, which
include the ever popular Tattslotto, Powerball and Oz Lotto.
This announcement provides 760 plus retail partners in Victoria with an
exciting opportunity to join Tatts in selling the same popular range of instants
we offer in New South Wales, Queensland, ACT, South Australia, Tasmania
and Northern Territory. With a 130-year history and having sold lotteries in
Victoria dating back to 1954, Tatts is proud to be trusted with this opportunity
and is committed to success. ”
The amended licence arrangements (which continue for the term of Tatts’ current
Victorian licence) are expected to make a positive contribution to Tatts’ EBITDA from
commencement. Intralot achieved $51.9 million in sales of scratch-its and daily keno
in the financial year ended 30 June 2014. To assist in ensuring a smooth transition,
Tatts has agreed to purchase specified ancillary assets from Intralot and has secured
licences over certain intellectual property rights and software – the consideration for
which is non-material. Tatts will be working with Intralot agents to coordinate a
seamless transition over the coming months. This transaction is subject to certain
conditions precedent and regulatory approvals (including ACCC).
---- OOO ----
Media enquiries please contact:
Analysts and institutions please contact:
Carolyn Prendergast
Corporate Communications Manager
Ph: (07) 3435 4543
Mob: 0409 910 561
E: carolyn.prendergast@tattsgroup.com
Giovanni Rizzo or:
General Manager – Investor Relations
Ph: (07) 3877 1002
Mob: 0409 578 247
E: giovanni.rizzo@tattsgroup.com
Monique Rennell
Executive Assistant to CEO
Ph: (07) 3435 4478
E: monique.rennell@tattsgroup.com