Why has Tatts not announced what it is doing to replace the loss of the income stream from Tatts Pokies?
Firstly, it is important to recognise that the recent merger and acquisitions have ensured that the Tatts Group has good diversified businesses with secure licences that continue to perform well. Our immediate focus is on further developing these businesses. While it is extremely disappointing to lose the Pokies business, Tatts Pokies has 4 years remaining under its current gaming licence. During this period, we will operate the Tatts Pokies business more efficiently than has previously been possible.As we highlighted in April, we have now escalated our review of other strategic opportunities to continue the diversification and growth strategy that we have been successfully pursuing. Critical to this is remaining focussed on utilising our strong balance sheet and key skill sets to pursue complementary investments that add long term shareholder value.
- Do commercial policies include coverage for loss of business income, debris removal, power failure, frozen water pipes, water damage from frozen water pipes and collapse due to weight of ice and snow?
- Why has Tatts not announced what it is doing to replace the loss of the income stream from Tatts Pokies?
- Who reports the rental income or loss?