June 1 (Reuters) - Tatts Group Ltd (TTS) :
- Win will see group continue to hold exclusive right to conduct authorised public lotteries in victoria for a further 10-year term
- New licence commences on 1 July 2018 and will continue in force until 30 June 2028 in accordance with its terms
- Will make a single premium payment to state of $120 million as consideration for licence grant
- Fiscal arrangements applicable under Tatts' existing victorian public lotteries licence will continue to apply under new licence.
News: TTS Tatts Group wins Victorian Lotteries Bid
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