News: Tatts Group Limited (TTS.AX)

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Wed, Nov 4 2009

PRESS DIGEST-Australian Business News - Nov 5

Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.

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BUY OR SELL-Australian gaming groups a one-way bet?

* Gaming hole, wagering uncertainty weigh on Tabcorp, Tatts

Australia Tatts yr profit up 7.7 pct, below f'casts

MELBOURNE, Aug 27 (Reuters) - Tatts Group Ltd , an Australian gaming firm, reported a 7.7 percent rise in full-year net profit on Thursday as Australians gambled some of their government cash handouts on slot machines and lotteries.

Australia Tatts yr profit up 7.7 pct, below f'casts

MELBOURNE, Aug 27 (Reuters) - Tatts Group Ltd , an Australian gaming firm, reported a 7.7 percent rise in full-year net profit on Thursday as Australians gambled some of their government cash handouts on slot machines and lotteries. Net profit for the wagering, lotteries and gaming group rose to A$277.4 million ($233 million) for the year ended June 30, from A$257.6 million a year earlier, slightly below analysts' forecasts of A$283.6 million, according to estimates tracker IB

UPDATE 1-Tabcorp year profit rises; shares down on outlook

* Worries over future prospects send its shares down 4.7 pct (Adds detail, company and analyst comment)

Tabcorp, Tatts, offshore groups eye Tasmania TOTE

MELBOURNE, July 27 (Reuters) - The Australian state of Tasmania's TOTE Tasmania wagering business, has attracted interest from Tabcorp Holdings Ltd , Tatts Group and offshore players, a source close to the sale said on Monday.

Australia's Crown at heart of gaming shake-up talk

MELBOURNE (Reuters) - Australian billionaire James Packer's casino firm, Crown Ltd , may turn its attentions back home after a series of failed offshore moves, with rival Tabcorp Holdings Ltd's Sydney casino its main target.

Australia's Crown at heart of gaming shake-up talk

MELBOURNE (Reuters) - Australian billionaire James Packer's casino firm, Crown Ltd , may turn its attentions back home after a series of failed offshore moves, with rival Tabcorp Holdings Ltd's Sydney casino its main target.

DEALTALK-Australia's Crown at heart of gaming shake-up talk

* Tatts, Sky City to eye Tabcorp assets in any carve-up

Australia's Tatts Group says H1 profit up 9 pct

MELBOURNE, Feb 26 (Reuters) - Tatts Group , an Australian gaming company, posted an 8.8 percent rise in first-half net profit, close to market expectations, but said growth was likely to slow in its second half. Tatts reported a net profit of A$144.7 million ($93.8 million) in the six months to Dec. 31, up from A$133 million in the year earlier period.

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