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Tatts pays $850m for NSW lotteries3 March 2010NEW SOUTH WALES, Australia -- Tatts Group has purchased New South Wales lotteries business, putting in the strongest bid of $850 million in cash, according to the Dow Jones Newswire. The bid exceeded the market expectation of $600m to $700m, according to Dow Jones. Tatts is increasing its lottery business with this 40 year licence, while New South Wales sold the business to fund infrastructure, the Dow Jones Newswire said. |