Australia's Tattersalls firts half profit up 54%
Total gaming revenue rose 24.1 per cent to $1.17 billion. Tattersall’s said the integration of UnItab, which it bought last year, was running ahead of schedule and will allow it to trim millions from costs this financial year.
"The process toward delivering the synergies promised during the Tattersall’s/Unitab merger is extremely pleasing,’’ the company stated. Synergies were likely to reach $15 to $17 million this this financial year and $30 million in the fiscal 2008.
Tattersall’s, in a joint venture with Macquarie Bank, took over UK poker machine operator Talarius this year, providing the company with strategic opportunities for growth in Europe. The company said it would maintain its focus on core strategic direction.
"The joint venture with Macquarie will enable Talarius to continue to pursue its stated strategy of consolidating similar high street gaming opportunities in the UK, and enable European Gaming to look for opportunities to expand into similar European markets,’’ it said.
Last week the company announced it had sold Bytecraft Entertainment for $42.5 million to Staging Connections Group.
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