Lottery Corp chief Susan van der Merwe decided against studying law because it would have required her to stand up in front of a crowd and present arguments.
and an 11.9 per cent rise in earnings before interest, tax, depreciation and amortisation to $694 million in the 12 months to June 2022.Macquarie predicts a 10 per cent rise in EBITDA to $393 million, above the consensus forecast of $372 million for the first half of the 2022-23 financial year.
Van der Merwe says she is looking at new products and offshore expansion, while stressing that the immediate goal is to complete the separation from Tabcorp and maintain business momentum. Whether Lottery Corp puts its toe in an offshore market will depend, at least in part, on the tenure of the licence available and freedom for the company to develop products itself.
Lottery Corporation chief executive Sue van der Merwe and chairman Steven Gregg ring the ASX bell to commemorate the first day of trading in May 2022.At university, having dismissed law, van der Merwe tried her hand at finance before switching to marketing and economics. People talk about lotteries as something that provides a lift in their day. It gives people something to hope for and to look forward to.Van der Merwe then inquired about a senior brand manager role at a company that sold household name products. When the recruiter informed the young executive that it was a lottery business called Golden Casket, not an FMCG business, Van der Merwe had to do some homework.
, which had operations in Victoria, Tasmania, Northern Territory and the Australian Capital Territory.“I thought, as soon as an FMCG marketing role comes up, I want to get back into FMCG. That was until I met my first winner and saw the joy somebody gets from winning the lottery prize. I also went to a hospital and saw beneficiaries of lottery funding,” she says.
“For lotteries, it’s very much been very much at the low-harm end of the gambling. The association of problem gamblers with lottery products is extremely low,” she says. Indeed, Lottery Corp says some investors who refused to invest in the combined Tabcorp group on environmental, social and governance grounds can now buy shares in the group.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Struggling Aussies keeping up payments, Credit Corp saysThe debt-chasing, short-term lending outfit has missed its earnings expectations but forecasts a recovery.
Read more »
Alan Tudge ‘closely involved’ in robo-debt complaint counter-attacksFormer Liberal human services minister Alan Tudge has been accused by the robo-debt royal commissioner of trying to intimidate welfare recipients through his close involvement in releasing details of people who complained about the scheme to the media.
Read more »
Gas investors from Australia and overseas are ‘terrified’ of Albanese govtGas investors from both Australia and overseas are “terrified”, says Shadow Resources Minister Susan McDonald. “They don’t have the confidence to invest in the Australian resources market, Ms McDonald told Sky News host Andrew Bolt. “It won't just be gas and it won't just be coal, it is now critical minerals.”
Read more »
Outgoing Mirvac CEO hailed as ‘a true leader of our time’When Susan Lloyd-Hurwitz was parachuted in to lead the company, some thought she would not last. She leaves next month after a decade of transformation and with the builder thriving.
Read more »
Chalmers described green energy investing the ‘same way’ as the CCPShadow Resources Minister Susan McDonald says Treasurer Jim Chalmers’ description of his plan to implement green energy investing is the “same way” the Chinese Communist Party described “new capitalism”. “I was surprised Jim Chalmers didn’t do a bit more googling to come up with some different language different to what the Chinese are using,” she told Sky News host James Morrow. “But these are policies that go against the very success of this nation. “We are a resources and export nation.”
Read more »
Government should use ‘technology, not taxes’ to reduce emissionsShadow Resources Minister Susan McDonald says the government should use “technology, not taxes” to reduce emissions. “Well, the Coalition introduced a safeguards mechanism which allowed companies to reduce emissions using technology, not taxes,” she told Sky News host James Morrow. “That has been a very successful policy, we reduced emissions as fast, if not faster than, most other economies in the world. “But at the same time- this is the important part, maintaining productivity and maintaining profitability for these businesses that employ Australians.”
Read more »