tatts tipped to win nsw lotteries bid

"Tatts Group is widely tipped to be the frontrunner in the race for NSW Lotteries business .

Earnings per share for Tatts Group would rise by 12.7 percent in the event of a win on the NSW Lotteries Business."

Tatts has existing capacity of loans available to fund the acquisition and is not expected to have an equity raising.

"Deutche Bank analyst Mark Wilson says Tatts group is well positioned to tender for the NSW Lotteries Licence."

Source Street Talk AFR Wednesday 9 December 2009 Page 20