In 2017, Tatts Group combined with Tabcorp Holdings Limited under the Tabcorp brand.

Tatts Group history

The company had three divisions: Lotteries, Wagering and Gaming Solutions.

Lotteries

Tatts Group had a near monopoly on lotteries in Australia. Tatts Lotteries is the Lotteries Operating Unit of Tatts Group and as of September 2013 the company owned or leased: * Tatts Lottery, which operates lotteries in Victoria, Tasmania, and The Northern Territory. *

Golden Casket Golden Casket is the public limited lottery corporation in Queensland, Australia trading on the Australian Stock Exchange. It sells lottery tickets and Instant Scratch-Its (scratchcards) through newsagents and other convenience stores. Lottery ...

, which exclusively operates lotteries in Queensland. *

NSW Lotteries New South Wales Lotteries, (usually marketed and referred to as NSW Lotteries or the Lott) is a corporation owned by the Government of New South Wales in Australia. Since 2 March 2010, it has been operated by Tatts Group Limited under a 40-year ...

, which operates lotteries in New South Wales and The Australian Capital Territory. * SA Lotteries. which exclusively operates lotteries in South Australia. On 1 June 2016 Tatts Group created a national lottery brand called ‘

the Lott Tabcorp is Australia's largest gambling company, employing more than 5,000 people. It is the largest provider of wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX). History I ...

’. The brand encompasses all its jurisdictional lottery brands under this single entity. Corresponding with the change in branding, online lottery purchases were moved from Tatts.com to the new official lotteries website thelott.com. On 24 May 2022

Tabcorp Tabcorp is Australia's largest gambling company, employing more than 5,000 people. It is the largest provider of wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX). History In ...

demerged its lotteries and keno business from its wagering business. The newly formed The Lottery Corporation operates the exclusive lotteries licences previously held by Tabcorp and floated on the ASX on 1 June 2022 with a market value of $10.5 billion.

Racing and sports wagering

Tatts Group holds wagering licences under its subsidiary UBET in Queensland, South Australia, the Northern Territory and Tasmania. Most of these assets were previously owned by UniTAB before it merged with Tattersalls Limited to form the modern Tatts Group in 2007. All of the licences entitle the company to the exclusive operation of physical betting shops which offer totaliser, fixed odds and sports wagering in their respective jurisdictions. The company also operates online nationally as Ubet.com providing racing and sports wagering products. Its shops operated under several different brand names due to its string of acquisitions, including TAB, TattsBet, Unitab, and others. On 27 November 2014, Tatts Group announced that it would begin to unify all of its wagering properties under the new brand UBET in 2015.

Gaming solutions

Comprising two companies, Maxgaming and ByteCraft. Tatts Group both operates and provides services for electronic gaming machines (known in Australian slang as "pokies", shortened from "poker machines").

Maxgaming

Provides monitoring

solution Solution may refer to: * Solution (chemistry), a mixture where one substance is dissolved in another * Solution (equation), in mathematics ** Numerical solution, in numerical analysis, approximate solutions within specified error bounds * Soluti ...

s and value adding services to the Australian gaming machine industry. Many Australian state governments have legislated mandatory monitoring for all gaming machines they license, to protect the integrity of the industry. Under this system, Monitoring Licences are granted to independent companies who operate computer networks connected to all gaming machines within a relevant jurisdiction. All machine activity is monitored to ensure that correct prizes are paid and taxes are calculated correctly on revenue. MaxGaming holds licences for three jurisdictions: New South Wales, Queensland and The Northern Territory. Queensland is the only monitoring licence that isn't exclusive, nonetheless MaxGaming still has around an 80% market share in that state.

ByteCraft

ByteCraft is an electronics specialisation company that Tatts Group Acquired primarily to maintain gaming machines. However the company isn't limited to gaming machines as its major contract is for the maintenance of Telstra's payphone networks.

Discontinued operations

Tatts Pokies

Tatts Pokies operated over 13,000 gaming machines in Victoria starting from 1994. However the company's licence expired on 16 August 2012 and was not renewed. The expiration of the licence led Tatts to sue The State of Victoria for compensation under a contract government signed with them in the mid-1990s. In the contract the Victorian state government signed, Tatts Group would be entitled to compensation for the infrastructure they had to pay for to set up their Tatts Pokies operation. The government materially benefited from this infrastructure. The government argued that the contract stated that compensation would be paid if "licences" were granted to any other party from 2012, but instead they granted "entitlements" to other operators and thus alleged they didn't have to pay the compensation. On 26 June 2014, The Supreme Court of Victoria found that the "entitlements" were in effect licences under the contract government signed, and awarded Tatts Group $451,157,286 Australian Dollars plus court costs and interest. Tabcorp Holdings also sued The State of Victoria under a separate agreement it had made with government, however the Supreme court of Victoria said that their agreement clearly only referred to the specific licences of the time and thus Victorian Government owed no compensation to Tabcorp. Tabcorp has since appealed this verdict. On 8 July 2014 The State of Victoria lodged an appeal in an attempt to avoid paying Tatts Group the compensation. Tatts has stated it will defend the appeal.

Talarius PLC

Talarius PLC operates gaming machine arcades in the United Kingdom under the brands Quicksilver, Winners and Silvers. The company operates more slot machines in the United Kingdom than any other company, with 7,461 machines spread across 173 venues. Tatts Group sold the UK slot business in 2016 to Austrian gambling equipment manufacturer Novomatic Group for $210 million.

History

The history of Tattersall's can be traced back to George Adams in 1881. Adams moved to

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

from

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

at the age of 16 and worked in many positions including

publican In antiquity, publicans (Greek τελώνης ''telōnēs'' (singular); Latin ''publicanus'' (singular); ''publicani'' (plural)) were public contractors, in whose official capacity they often supplied the Roman legions and military, managed the ...

stockbroker A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks an ...

and

baker A baker is a tradesperson who bakes and sometimes sells breads and other products made of flour by using an oven or other concentrated heat source. The place where a baker works is called a bakery. History Ancient history Since grains ha ...

. While working as a publican in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

in 1881, Adams took bets on horse races, which could be considered the start of his gambling business. However, the company started a serious lottery when Adams moved to

Hobart Hobart ( ; Nuennonne/Palawa kani: ''nipaluna'') is the capital and most populous city of the Australian island state of Tasmania. Home to almost half of all Tasmanians, it is the least-populated Australian state capital city, and second-small ...

in 1895, a move supported by the

Tasmanian Government The Tasmanian Government is the democratic administrative authority of the state of Tasmania, Australia. The leader of the party or coalition with the confidence of the House of Assembly, the lower house of the Parliament of Tasmania, is invite ...

. He set up his first operation there and eventually the company grew and developed in other states.

Tote Tasmania

Tote Tasmania Pty Ltd was a Tasmanian state-owned company, with its shares being held by the

Treasurer A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury o ...

and Minister for Racing of

Tasmania ) , nickname = , image_map = Tasmania in Australia.svg , map_caption = Location of Tasmania in AustraliaCoordinates: , subdivision_type = Country , subdi ...

. It had an exclusive right to conduct

parimutuel Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winnin ...

(totalisator)

wagering Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (ga ...

in the state of Tasmania. The company was privatised and sold to Tatts Group for AU$103 million and merged into their operations in 2012.

Inheritance

When Tattersall's was founded, George Adams structured the company so the original workers' families would inherit the profits. This created so-called "Tattersall's heirs": subsequent generations inherited a share in the company's profits. Amongst the subsequent beneficiaries was the general manager's granddaughter Helen Harvey, a close friend of Port Arthur massacre gunman

Martin Bryant Martin John Bryant (born 7 May 1967) is a convicted Australian mass shooting, mass shooter who murdered 35 people and injured 23 others in the Port Arthur massacre (Australia), Port Arthur massacre, one of the world's deadliest ...

. In 2005 the company decided to list on the

Australian Stock Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

"Tattersall's heirs" were now allowed to sell their stake in the company and for the first time the public could buy into it. After the listing on the stock exchange local newspapers and other news media listed the names of these "Heirs".

Merger with Tabcorp

On 22 December 2017, Tatts Group merged with Tabcorp and is now traded under the ASX security code TAH.Tatts Offer - Scheme of Arrangement: Merger
Tatts group inverstor relations

References

External links

* {{Official website, https://tattsgroup.com/
Tatts

the Lott
Gambling companies of Australia Lottery monopolies