News: Tatts looks to luck of the Irish

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Tatts Group Limited (ASX:TTS) is considering a €400 million bid for Ireland's 20-year lottery licence, according to media reports.

 

Tatts owns lottery licences in every Australian state and territory except for Western Australia, where lotteries are managed by the state government

 

The Irish licence could reportedly be worth as much as €600 million.

 

Tatts Group chief executive Robbie Cooke told media that Ireland is a jurisdiction of interest and that it is examining the opportunity now the process in Ireland has begun.

 

Ireland's Government has suggested the formal request for applications regarding lotteries could happen before the end of May.

 

Tatts generated a net profit of $128.3 million for the first half of the current financial year.