Tatts: A reliable illusion?

This gaming and wagering outfit offers the appearance of stability, punctuated by periods of high uncertainty. Greg Hoffman explains why Tatts is not what it seems, and offers an alternative.

A ‘high quality, defensive business with strong underlying cashflows, long term monopolistic licenses (sic) with stable earnings and low capex’ is how one major broking analyst describes gaming and wagering business Tatts Group.

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