The Lottery Corporation is Australia’s largest lottery game created following the Tabcorp demerger in 2022 and now home to The Lott and Keno brands and games that operate in every state and territory except Western Australia.
“During recent market volatility, we think TLC (The Lottery Corporation) looks attractive,” Raymond said.
“TLC announced reasonable results in August, however the stock was sold down to a new low since its merger from TAH.
“We think TLC Lottery and Keno earnings remain defensive and the company will soon announce its first dividend (projected yield now close to 4%),” he said.
The Lottery Corporation (TLC)
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