Tatts Group buys New South Wales lottery for A$850m https://www.lotterypost.com/news/209931 Lottery Post News Story: Tatts Group buys New South Wales lottery for A$850m en-us Lottery Post RSS Generator Tatts Group buys New South Wales lottery for A$850m https://www.lotterypost.com/news/209931 https://www.lotterypost.com/news/209931 Wed, 03 Mar 2010 14:15:14 GMT Lottery Post The state government of New South Wales has sold its lotteries business to Tatts Group for A$850m (US$764m) after an auction process that attracted both Australian and international bidders. The total proceeds of the sale will exceed A$1bn after A$160m of cash and other assets from NSW Lotteries are transferred to the government.

Melbourne-based Tatts, which operates lottery businesses in three Australian states and two territories, faced competition from a consortium led by Ontario Teachers

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