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Tatts Group Sells British Slots Business Free Mobile Slot Tournaments to NOVOMATIC

Tatts Group Sells British Slots Business to NOVOMATIC

Australian gambling operator Tatts Group announced the purchase of its UK-based slots subsidiary Talarius to Austrian gaming equipment maker NOVOMATIC for the quantity of A$210 million.

Tatts said in a declaration from earlier today that the purchase of its UK company would create a A$50-million accounting loss for the current economic 12 months. Excluding Talarius, the gambling operator expects to build net profit free mobile casino slot games of between A$255 million and A$265 million by the end of 2016. In contrast, analysts have predicted full-year profit that is net of A$259 million and A$282 million.

The gambling that is australian also explained that its annual web profit will also be afflicted free slot games to download for mobile phone with after-tax interest charge and legal charges of A$22.4 Million it shall need to pay in relation to a lawsuit it had filed against it regarding its slots permit in Victoria.

Commenting on the announcement about Tatts selling its UK slots business, CEO Robbie Cooke stated in a declaration they have selected the move after continuing efforts to really improve Talarius’ performance would not show to be effective. The Australian company acquired its subsidiary back in 2008 but in accordance with its Chief Executive, it is often struggling since the moment of its acquisition free download casino slot games for mobile.

A year ago, Talarius contributed just A$6.2 million or 2% to Tatts’ profits posted for the full year that is financial. The Australian operator said so it would use arises from the purchase to spend corporate debt.

 
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