"Gaming firm Tatts has secured the right to operate South Australia's lottery and Keno services for the next 40 years.
Tatts has agreed to pay $427 million for the exclusive management agreement with the South Australian government. Chief executive Dick McIlwain said the transaction would immediately boost the company's earnings per share.
"The extension of Tatts Lotteries business into South Australia is a logical and natural expansion of our lottery businesses in Queensland, New South Wales, Northern Territory, Victoria, Tasmania and the Australian Capital Territory," he said in a statement on Tuesday."
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)