Australia’s Tatts Group has reported a 19 per cent drop in net profit to AUD$200.4m in its results for the full year ended June 30th, after the company lost its challenge against the Victorian government’s determination to impose a health benefit levy.
Tatts saw a $42.6m levy charged to its discontinued pokies business in July, which related to the final 46 days that the business operated during the 2013 financial year.
As a result, the levy [...]
