Heat up!Who wins control of Britain’s national lottery?

The battle for control of Britain’s most profitable public sector national lottery is coming to an end and is heating up.The Gambling Authority is expected to make a decision as soon as this month.Flutter Entertainment, Sky’s parent company, wrote to the Gambling Commission this week stressing the importance of the contract remaining in British hands.Britain’s gambling giants are already vying for control of the national lottery with a £1.6 billion bid for Sisal, a contender in the takeover race that will be finalised later this year.In a letter to the Gambling Commission this week, Flutter CHIEF Executive Peter Jackson said that “Through Sisal, Flutter’s commitment to the future success of the lottery should be in no doubt,” the Telegraph first reported.Meanwhile, Lord Coe, a British peer, resigned from the House of Lords on Saturday night after taking up a non-executive role in September with Czech rival Allwyn, formerly known as Sazka Entertainment.Allwyn, another frontrunner in the race, has set its sights on becoming a lottery operator in Britain after seizing control of the Greek supplier.While sources close to Lord Coe, the former Olympic gold medallist, said his decision to quit the Lords had nothing to do with Allwyn’s bid, the company clearly stepped up its efforts on the final leg of the race.Alevin has recruited a team, including Justin King, a former Sainsbury boss, to lead the bid.Both firms will face stiff competition from incumbents, Camelot, which has controlled the national lottery since it was founded in 1997, and media tycoon Richard Desmond, who owns Express and runs the Health lottery.The Gambling Commission, which is overseeing the process and will decide the winner based on a scorecard evaluating the strength of each bid, has barred bidders from speaking publicly about their plans.However, once a decision is made, the contestants are likely to end up airing their grievances in court, with Allwyn and Camelot both said to have access to leading lawyers in the UK.The National Lottery has made 6,300 people millionaires in its 27-year history, with sales of 8.3 billion pounds in the financial year ending March 31, 2021, up 468.8 million pounds on the previous year.

Leave a Reply

Your email address will not be published.