please note BUY recommendation by leading broker for TTS as of today, pls DYOR, thx...
Tatts Group (TTS)
Tatts has won the New South Wales lotteries contract for a purchase price of $850 million. Assuming TTS can achieve technology benefits from 2012 onwards (when current licence technology agreements end), EBITDA (earnings before interest, tax, depreciation and amortisation) is expected to increase to $120 million by 2014, somewhat offsetting the loss of the Victorian pokies business from 2012.
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