Tatts digitals performed well in fiscal Q1

The Australian gambling group Tatts released its fiscal Q1 results this week, noting that significant growth in its digital operations has made a valuable contribution to the group results.

Highlights of the report include:

* Group revenue up 6.8 percent year-on-year at A$ 743.1 million;

* Net profit after tax up 14.8 percent at A$ 67.2 million;

* EBITDA up 9.6 percent at A$ 128.2million;

* Lottery revenue up 8.8 percent, but digital lottery revenue up almost 30 percent year-on-year. There is likely to be less compeition going forward after provincial governments banned Lottoland;

* UBET saw turnover increase 1.8 percent, but digital sales rising 15.8 percent and now account for 29.6 percent of turnover;

* MAX and MAXtech revenue rose 4.7 percent y-o-y;

* Progress on the A$ 11 billion merger with Tabcorp continues;