Sunday, May 31, 2009

NSW newsagents want Lotteries, by Simon Evans - Australian Financial Review - 1st May 2009

A consortium bid involving the Newsagents Association of New South Wales (NSW) and Australian Capital Territory (NANA) has emerged as a potential buyer for the NSW Lotteries business being sold by the State Government. NANA president Stan Cousins said yesterday that lotteries products bring ‘a lot of foot traffic’ and are ‘very important to the bottom-line’ for newsagents. Around 80 percent of NSW Lottery sales are made through newsagents. (Extract from The Australian Financial Review)

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