The NSW Treasurer has announced that agreement has been reached...

The NSW Treasurer has announced that agreement has been reached with the opposition Liberal Party to pass the leglisation for the sale of the NSW Lotteries.

Tatts Group (TTS) would be a major contender for bidding on the NSW lotteries business. The NSW Lotteries is so profitable that it used to support the operations of all the public hospitals in NSW. Now the NSW Lotteries revenue goes into consolidated revenue.

In the meantime Tatts is bidding for the Victoria wagering business and there will be significant news flow out about this in October.

Now may be an excellent time to purchase Tatts Group (TTS) in view of the imminent news due.