The Talik

Tatts Group Sells UK Slots Company to NOVOMATIC

Australian gambling operator Tatts Group announced the sale of its UK-based slots subsidiary Talarius to Austrian video gaming equipment manufacturer NOVOMATIC for the total amount of A$210 million.

Tatts stated in a statement from previous today that the sale of its British free mobile casino slot games company would cause a A$50-million accounting loss for the existing financial 12 months. Excluding Talarius, the gambling operator expects to create web revenue of between A$255 million and A$265 million by the finish of 2016. In contrast, analysts have actually predicted full-year net revenue of between A$259 million and A$282 download free casino slot games for mobile phone java million.

The Australian gambling operator also explained that its yearly net revenue may also be suffering from after-tax interest cost and legal fees of A$22.4 million it’ll need to spend in relation to case it had filed against it regarding its slots permit in Victoria.

Commenting on the announcement about Tatts selling its UK slots company, CEO Robbie Cooke said in a declaration they have selected the move after continuing efforts to improve Talarius’ performance failed to turn out to be successful. The company that is australian its subsidiary back in 2008 but in accordance with its leader, it’s been struggling since the minute of its acquisition.

A year ago, Talarius free download casino slot games for mobile contributed only A$6.2 million or 2% to Tatts’ earnings posted for the full year that is financial. The Australian operator stated it would use proceeds from the purchase to spend business debt. Read more