The Lottery Corporation Limited is an Australia-based company with two operational segments: lotteries and keno. The brand known as The Lott oversees the company’s licensed lottery activities across all Australian states and territories except Western Australia, conducted under license agreements. The company offers various lottery games such as Set for Life, Powerball, Oz Lotto, TattsLotto, Saturday Lotto, Gold Lotto, X Lotto, Monday & Wednesday Lotto, Lucky Lotteries, Lotto Strike, Super 66, and Instant Scratch-Its. Keno, another offering by the company, is a random number game with frequent draws, providing customers with the opportunity to win instant prizes and substantial jackpots. Keno games are hosted in diverse venues including hotels, clubs, wagering agencies, casinos, TABs, and are also accessible online in the Australian Capital Territory.
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Here are the latest articles on The Lottery Corporation (ASX: TLC)
Lower customer spending affecting lottery uptake, says The Lottery Corp
February 21, 2024
How much would you be willing to spend to test your luck? While the cost of a Powerball lottery ticket might not be much—ranging between $6 and $31 (or more, depending on the game type), Aussies collectively spend billions on lottery tickets. However, for consumers, affording the luck of the draw has been paling in
Digital transformation captures younger Tabcorp customers as earnings return amid level playing field
August 24, 2023
A year on from the demerger from their lotteries business, wagering company Tabcorp (ASX: TAH) has reported $66.5 million in profit thanks to a major digital transformation and favourable regulatory changes that have returned the household brand back to becoming a preferred bookmaker amongst punters. Demerging from The Lottery Corporation (ASX: TLC) in May 2022
Tabcorp continues digital rebuild with $62 million sale of venue loyalty business eBet
September 20, 2022
Since the demerger of its lotteries business to concentrate on its wagering business, Tabcorp (ASX: TAH) has made further strides in its restructure with the sale of its eBet business for $62 million, no longer seeing value in its loyalty and tracking systems. Generating EBITDA of $4.4 million and an EBIT loss of $2 million
Jumbo Interactive shares crunched with price hike looming after CEO sell down
July 15, 2022
When it comes to gambling in Australia, punters have a plethora of service providers to assist them with their bets across lottery, sports, racing or even pokies. Such a lucrative market for providers regularly leads to a battle for market share, one that is changing tides against online lottery company, Jumbo Interactive (ASX: JIN). The
Tabcorp demerger: Lottery industry set for shake up as Jumbo founder sells down
April 5, 2022
In August 2021, Tabcorp (ASX: TAH) and Jumbo Interactive (ASX: JIN) formalised a long-term extension of their reseller agreement which would enable Jumbo to continue selling lottery tickets online through their OzLotteries platform. Following on from that, Jumbo reported almost 200k new active customers which took their total to 836k with business appearing to be
Telix submits FDA application for new prostate cancer imaging product
September 24, 2020
It may soon be easier for prostate cancer to be diagnosed at an early stage with Telix Pharmaceuticals (ASX: TLX) having submitted their radiopharmaceutical imaging technology to the Food and Drug Administration for approval. The New Drug Application (NDA) comes after completing clinical trials across more than 600 patients which builds on peer-reviewed clinical research
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