Ireland National Lottery to be sold for €405M

Comment #4

jamella724 — Sat, 26 Oct 2013 11:55:46 GMT

Is something wrong with the management? There might be a lot of changes once the new management will take place. I hope the changes that will occur will be for the benefit of the players. They could introduce new games that will excite players.

Comment #3

CLETU$ — Fri, 04 Oct 2013 02:45:33 GMT

So they're really not selling the the lottery.They are just leasing it out for twenty years.Big difference between selling and leasing.

Comment #2

Todd — Thu, 03 Oct 2013 21:14:58 GMT

It does not indicate that anything specifically will change. It's just about which company owns the right to operate the lottery for the next number of years.

Just like the talk about privitization in the USA. It's not about somehow changing the lottery into something different; it's about whether the government itself or a private company will operate the lottery.

When the government sells the lottery, it is offering the license to operate the lottery for a certain number years. Normally... [ More ]

Comment #1

mypiemaster — Thu, 03 Oct 2013 20:40:49 GMT

What's wrong with the way it is now?.

Ireland National Lottery to be sold for €405M

Lottery Post — Thu, 03 Oct 2013 20:27:36 GMT

An Post and the operators of the UK National Lottery are in line for a 405m (US$551.6 million) buyout of the Ireland National Lottery after Public Expenditure Minister said the consortium was the preferred applicant.

Brendan Howlin said the bid by Premier Lotteries Ireland, a consortium consisting of An Post and its pension funds and the Camelot group who operate the UK lottery, had met the Essential Requirements and has submitted the highest License Fee proposal .

Discussion on finalizing... [ More ]