The Tatts Group, which is a global leader in the wagering and gaming industries from Australia, has decided to sell Talarius to the Novomatic Group.
On Monday, Novomatic purchased Talarius, which was providing branded slot machines from Quicksilver. Tatts expects to obtain 111 million pounds from this agreement.
Talarius allowed Tatts to earn only 6.2 million Australian dollars in 2015. This amount does not exceed 2% of total revenues of the company.
Talarius was purchased by Tatts in 2008. According to Robbie Cooke, CEO of the company, Tatts has been trying to do its best in order to improve the quality of services and to increase revenues from slots. So, employees of the company have succeeded in making Talarius a very profitable asset on the gambling market.
However, as a result of the acquisition, Talarius lost its B2C license that allowed contracting with non-certified providers of gaming platforms.
Tatts demonstrated an increase in lottery operations in 8.7% compared to the same period last year. As for the turnover of wagers, it is 4.2% higher.
Tatts showed the most noticeable growth of online lottery sales. Betting activities were 23% higher.
It was reported that Tattsí revenues had reached $255 million.