Tatts pays $850m for NSW lotteries
3 Mar 2010
NEW SOUTH WALES, Australia -- Tatts Group has purchased New South Wales lotteries business, putting in the strongest bid of $850 million in cash, according to the Dow Jones Newswire.
The bid exceeded the market expectation of $600m to $700m, according to Dow Jones.
Tatts is increasing its lottery business with this 40 year licence, while New South Wales sold the business to fund infrastructure, the Dow Jones Newswire said.
Tatts pays $850m for NSW lotteries
is republished from CasinoCityTimes.com.