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Tatts Free Mobile Slot Machine Group Sells UK Slots Company to NOVOMATIC

December 16th, 2019

Tatts Group Sells UK Slots Company to NOVOMATIC

Australian gambling operator Tatts Group announced the sale of its UK-based slots subsidiary Talarius to Austrian video gaming equipment maker NOVOMATIC for the quantity of A$210 million.

Tatts free mobile slot tournaments said in a statement from earlier free mobile slot machine downloads today that the sale of its UK company would cause a A$50-million accounting loss for the existing year that is financial. Excluding Talarius, the gambling operator expects to create net profit of between free mobile casino slot games download A$255 million and A$265 million by the end of 2016. In contrast, analysts have predicted full-year profit that is net of A$259 million and A$282 million.

The Australian gambling operator also explained that its annual net revenue will also be affected by after-tax interest fee and legal costs of A$22.4 million it’s going to have to pay with regards to a lawsuit it had filed against it regarding its slots license in Victoria.

Commenting regarding the announcement about Tatts selling its UK slots company, CEO Robbie Cooke stated in a statement they’ve decided on the move after continuing efforts to fully improve Talarius’ performance failed to show to be successful. The company that free online slots – play free vegas slot machines – mobile / desktop is australian its subsidiary back in 2008 but according to its leader, it’s been struggling since the minute of its acquisition.

This past year, Talarius contributed just A$6.2 million or 2% to Tatts’ profits posted for the full year that is financial. The Australian operator said it would use arises from the purchase to spend business debt. » Read more: Tatts Free Mobile Slot Machine Group Sells UK Slots Company to NOVOMATIC