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Tatts

Tatts Group own and operate the majority of Lotteries in Australia

Tattersalls in Victoria, Tasmania and Northern Territory

NSW Lotteries in New South Wales and

Golden Casket in Queensland

 

Golden Casket 2011

NSW Lotteries

tatts

 

 

 

 

The majority of newsagencies are also agents for Tatts. Products include the easily recognised brands of Saturday and Wednesday Gold Lotto, Powerball, OZ Lotto, Casket, Pools and Instant Scratch It’s.

The Tatts License agreement is for a period of 5 years, with a performance review each year (normally January) to the end of the fifth year.

Golden Casket announced (2/8/2010) that all Casket agents in QLD are required to install the new 2010 Tatts Lotteries Generation One Retail Image between June 2013 to November 2017 depending on the original date of installation of the 1997 Retail Image. Cost of installation upgrade will vary shop by shop.  There is a reasonable expectation that this retail Image will also be adopted in NSW.

Tatts require submission of 2 years of past P&L Statements for the business and a Cashflow Analysis & a Business Plan outlining an analysis of the business, goals and specific strategies which will be utilized in order to achieve these goals.

Tatts also require attendance at a Face to Face interview at their head office for all buyers on the Contract, which may at the discretion of Tatts, include an English Test, along with completing an on-line profiling survey in which numerous questions are to be read and answered in a set time allowance.

Submission documents take a minimum of 4 weeks to process by Tatts; and will take a bit of time to put together. If you have never created a business plan, your accountant should be able to assist; or your newsagency specialist broker can provide guidelines. 

Tatts have various training fees & application charges for incoming agents, which are detailed in our Costs Summary, available to all buyers who have completed a Confidentiality Agreement with Newsagencies For Sale

UPDATE AUGUST 2013 !  Golden Casket have implemented the change from varied commission rates to a fixed flat commission rate, along with some other structural changes. This proposal had been negotiated with the Lottery Agents Association of Qld (LAQ). This very welcomed announcement can be read here.

UPDATE FEBRUARY 2014 !  Golden Casket have conceded to a lesser degree of works for the image upgrade. This has produced costs savings, and the announcement can be read here.

UPDATE JUNE 2015 !  Golden Casket have put their June 2015 retail image upgrade on hold until December 2015, with an intended introduction of new Digital Screens within the image. More detail to come.

UPDATE JULY 2015 !  Golden Casket have introduced new fees for incoming agents, effective for contracts from 1st October 2015. Buyers are taking advantage and going to contract early, so don’t miss your preferred opportunity to someone else. The announcement can be read here

 

Talk to your Specialist Newsagency Broker for updates on these changes.