Tattersall numbers up

30 Aug 2007

AUSTRALIA -- As reported by Bloomberg: "Tattersall's Ltd., Australia's second-largest gaming company, tripled second-half profit on the acquisition of betting-shop owner Unitab Ltd. and increased wagering on horse races.

"Net income rose to A$180.8 million ($148 million) in the six months ended June 30 from A$58.4 million a year earlier. Second-half figures were calculated by subtracting first-half earnings from the A$288.6 million full-year profit the Melbourne-based company reported today.

"Tattersall's, which paid A$2 billion for Unitab last year, has since spent A$800 million to expand its lotteries and slot machine units. Chief Executive Officer Dick McIlwain is accelerating cost savings from the acquisitions as he seeks new gaming licenses.

"Tattersall's shares fell 20 cents, or 4.1 percent, to A$4.70 at 10:32 a.m. in Sydney, paring this year's gain to 20 percent. The stock has surged 52 percent since raising A$300 million in an initial public offering in July 2005..."

Tattersall numbers up is republished from CasinoCityTimes.com.

Language Support: Your Location: > edit your preferences Home Online Slots Online Casinos Online Poker Online Bingo Backgammon Mahjong & Rummy Skill Games Lotteries Sportsbooks Betting Exchanges Spread Betting Binary Options Live Dealers Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Tattersall numbers up 30 Aug 2007 <a href='http://as1.casinocity.com/adclick.php?n=a21efcd1'><img src='http://as1.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt=''></a> AUSTRALIA -- As reported by Bloomberg: "Tattersall's Ltd., Australia's second-largest gaming company, tripled second-half profit on the acquisition of betting-shop owner Unitab Ltd. and increased wagering on horse races. "Net income rose to A$180.8 million ($148 million) in the six months ended June 30 from A$58.4 million a year earlier. Second-half figures were calculated by subtracting first-half earnings from the A$288.6 million full-year profit the Melbourne-based company reported today. "Tattersall's, which paid A$2 billion for Unitab last year, has since spent A$800 million to expand its lotteries and slot machine units. Chief Executive Officer Dick McIlwain is accelerating cost savings from the acquisitions as he seeks new gaming licenses. "Tattersall's shares fell 20 cents, or 4.1 percent, to A$4.70 at 10:32 a.m. in Sydney, paring this year's gain to 20 percent. The stock has surged 52 percent since raising A$300 million in an initial public offering in July 2005..." Tattersall numbers up is republished from CasinoCityTimes.com.