And this should help......11 October 2007TATTERSALL’S RECEIVES...

And this should help......



11 October 2007
TATTERSALL’S RECEIVES THE MAJOR VICTORIAN LOTTERIES LICENCE
Tattersall’s was today advised by the Victorian Government that it had been awarded the major licence for the operation of the State’s public lotteries through to 2018.
From 1 July 2008, Tattersall’s will continue to provide Victorians with all lottery games where prize pools are combined with lottery operators in other Australian jurisdictions. These games are Tattslotto, Powerball, Super7’sOzLotto, Super 66 and The Pools and comprise around 85% of total lottery sales in Victoria. Other lottery games, including scratchies which are offered only in Victoria will no longer be sold by Tattersall’s.
Tattersall’s will continue to support its high-value network of lottery outlets that employ around 3,000 Victorians. Lottery outlets will have dedicated Tattersall’s points of sale within their shops and specialist lottery outlets, including kiosks in shopping areas, will continue to sell only Tattersall’s lottery products.
Tattersall’s will pay a premium of $19 million over the 10 year term of the licence and will continue to provide Victorians with improved and exciting new lottery games under the new competitive regime established by the Government.
The Victorian public can continue to expect that Tattersall’s will provide its lottery games and related lottery products in a responsible fashion. As an Australian pioneer of responsible gambling programs, Tattersall’s will continue to educate its customers and retail outlet staff with responsible gambling training and programs.
D1ck McIIwain, Tattersall’s Chief Executive and Managing Director stated that, “Tattersall’s has demonstrated to the Victorian Government that it has the resources, expertise, integrity and player trust to maintain and responsibly increase lottery sales and in the process deliver over $3.7 billion in state lottery tax and GST over the licence term.”
In the last financial year, Tattersall’s paid the Victorian Government $375M in lottery taxes and $875M in lottery and gaming taxes and levies. Lotteries contributed $35.3 million to Tattersall’s 2007 earnings before interest, tax, depreciation and amortisation. Today’s decision will have no material impact on these profits.
Victoria has been Tattersall’s home for over 50 years and the community support formerly provided by Tattersall’s is now being delivered through the philanthropic activities of the Tattersall’s George Adams Foundation.
Tattersall’s has demonstrated over its fifty years of continuous operations in Victoria that it has the community’s trust, confidence and support, and looks forward to the opportunity to continue this over the next 10 years.
Contact
Media Michael Mangos - (03) 8517-7443 or 0419 551 980
Analysts/Investors Gary Woodford - (03) 8517-7530 or 0417399204