Gaming machine operator Tatts Group Ltd
(ASX:TTS) has reduced the book carrying value of its investment in Talarius by $140 million.
The revaluation follows an emergency budget from the new UK government which could have an impact on consumer spending.
Tatts also reduced the carrying value of the software use by its Maxgaming business in NSW by $25 million.
Tatts Group’s Maxgaming software is used to monitor gaming machines and provide jackpot services on gaming machines in NSW.
The company says it will declare a fully franked dividend to be paid in October 2010.
These decisions it say’s, will be reflected in the company’s 2010 full year accounts but are not expected to materially impact future dividends.
Tatts Group reported a profit of $277.44 million for the 2009 financial year, slightly up on the year before.
