Tattersall Overwhelmed by Demand

6 Jul 2005

AUSTRALIA –- As reported by the Australian: "Investors in NSW, Queensland, South Australia and Western Australia have been denied a stake in the biggest stock market float of 2005 after gambling giant Tattersall's was overwhelmed by demand for the handful of shares on issue.

"Instead, they will be forced to buy shares on the stock market after Tatts - converted in recent months from a secretive trust run for beneficiaries into a publicly listed corporation - makes its debut this morning.

"The listing of the $2 billion lotteries and pokies operator is likely to deliver a bonanza for the company's long-standing backers and the few lucky enough to get stock.

"Tatts confirmed yesterday that institutions would pay $3.10 a share - 20c more than retail investors - after an offer described as 'significantly oversubscribed'…."

Tattersall Overwhelmed by Demand is republished from CasinoCityTimes.com.

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	Tattersall Overwhelmed by Demand 6 Jul 2005 <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 the Australian: "Investors in NSW, Queensland, South Australia and Western Australia have been denied a stake in the biggest stock market float of 2005 after gambling giant Tattersall's was overwhelmed by demand for the handful of shares on issue. "Instead, they will be forced to buy shares on the stock market after Tatts - converted in recent months from a secretive trust run for beneficiaries into a publicly listed corporation - makes its debut this morning. "The listing of the $2 billion lotteries and pokies operator is likely to deliver a bonanza for the company's long-standing backers and the few lucky enough to get stock. "Tatts confirmed yesterday that institutions would pay $3.10 a share - 20c more than retail investors - after an offer described as 'significantly oversubscribed'…." Tattersall Overwhelmed by Demand is republished from CasinoCityTimes.com.