Gaming firm Tatts Group Ltd, though ruling out a bid for rival Tabcorp Holdings Ltd, said that, it would show an interest in their wagering business.

Dick McIlwain, Tatts Group Ltd. Chief Executive, talking to ABC TV on Sunday, said, “I would argue that it sits better with us than it does with them".

“I think wagering sits better with a lotteries-type operator than it does with a casino style operator. So yes, we would be interested in expanding our wagering business”, he said.

Mr. McIlwain also stated that did not expect the rival corporation to split its wagering business from its other operations.

The Chief Executive said that there are a lot of opportunities for Tatts and that he's not looking at the prospects of jumping on something and being hasty, at least for the time being.

Following the announcement of the purchase of NSW Lotteries, Tatts shares reportedly fell, with investors and analysts claiming that the price tag was “too large”.

“NSW government had worked to get the best value out of the sale”, said Mr. McIlwain.

This means that Tatts had to pay the full price, the Tatts Chief said, adding that, in the end, he was happy with the final value of the whole transaction.

Talking about the NSW acquisition, Mcllwain said, “It will deliver a reasonable profit, in fact, a very good profit by 2014”.