SYDNEY, Feb 16 (Reuters) - Australian lottery operator Tatts Group Ltd (TTS) on Thursday posted a 16.5 percent fall in half-year profit as revenue fell in its lotteries and wagering businesses.
Tatts, which in October agreed to a takeover offer from betting group Tabcorp Holdings Ltd (TAH) now valued at A$5.7 billion ($4.39 billion), reported a net profit of A$122.8 million for the six months ended Dec. 31, down from A$147 million a year earlier.
The Tatts result was slightly lower than Citi's estimate of a A$125 million half-year profit before the results were released. ($1 = 1.2972 Australian dollars)
