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Tatts Acquires NSW Lotteries for $850 million

2nd March 2010 8:51 am GMT

Australia's Tatts Group has seen off competition from both domestic and international gaming operators in a competitive bid to acquire New South Wales Lotteries, securing the acquisition and an exclusive 40-year licence to operate lotteries in the state.

Tatts will pay a total of AUD$850 million for the lottery business of Australia's most populous state, adding to its existing portfolio of lottery businesses in Queensland, Victoria, Tasmania, Northern Territory and the Australian Capital Territory (ACT).

Tatts said [...]

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