Tatts Financial Report Shows Impressive Online Gambling Results
Leading Australian wagering and lottery operator, Tatts Group, has released its interim financial results for the half of the year ending December 2015, reporting a 5.2 percent rise in net profits to $147 million, compared to the first six months of the year.
Revenue showed a 6.5 percent increase to $1.61 billion which the company is attributing to “exceptionally strong online traction, record lotteries performance and continued improvements in funding arrangements.”
With increased revenues of 9.6 percent to $1.11 billion, their lotteries performance was described as “nothing short of outstanding,” showing a 34.8 percent jump in online performance with online lotteries now accounting for 13.2 percent of all lottery sales.
The company’s wagering division reported a 3 percent increase in turnover to $2.14 billion, although its revenue dropped 4 percent to $326 million. Online wagering showed a 20.2 percent rise in turnover. Online wagers accounted for 28.8 percent of all turnover; an increase of 24.8 percent year-on-year.
“We have access to an exceptionally large online audience with on average 3.5 million people visiting our lotteries and wagering websites on a monthly basis, our apps have been downloaded on over 1 million devices which has doubled in the last year and we are achieving over 14 million impressions on our various social media sites per month,” announced Robbie Cooke, chief executive at Tatts.
“The power of this network is considerable and getting our interactions with this audience right will continue to unlock significant value over the coming years.”
Tatts has announced big plans for the coming 12 months including the rollout of a digital points of sale presence for lotteries, the launch of a new lotteries website and mobile apps and the launch of virtual sports and racing games.
April 16, 2017