First Impression: Tatts Group-TTS-FY16 Result

Tatts Lotteries: Revenue up 8.2% to $2139m, EBIT up 11.3% to $320m (Digital now 13.5% of lottery sales ) | Wagering: Revenue down 3.6% to $609.9m, EBIT down 14.8% to $115.7m, ( UBET launched 30 April 2015- New UBET stores 8.4% turnover growth against local peer set) | Maxgaming revenue up 1.3% to $118.48m, EBIT up 2.1% to $52.4m | Bytecraft revenue up 11.3% to $92.3m, EBIT up 77.1% to $1m | Net operating cash flow down 40.2% to$262.8m (impacted by Tax – payments timing, Higher government payments, Maxgaming NSW monitoring rights instalment of $68.4m).