CEO Robbie Cooke is to lead Australian gaming company Tatts Group for a further three years following the board’s decision to extend his contract.

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Chairman Harry Boon announced that an agreement between the board and Cooke had been reached, with the new deal taking effect from the start of this month.

“The board is pleased to retain Mr Cooke’s service, thereby providing an opportunity to continue the group’s ongoing business renewal programme,” said Boon. “Under Mr Cooke’s leadership, this has focused on challenging and updating some of our previously accepted ways of operation to better position all of our businesses for future success.”

Aside from its considerable gaming business in its home market, Tatts Group also owns the UK-based adult gaming centre operator Talarius.

In the 2015 financial year, the group reported a 25.7 per cent increase in after-tax profit and a “very healthy” 12.9 per cent profit increase on a continuing operations basis.