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Ontario Teachers' Pension Plan Buys British Lottery
3/24/10 - After months of uncertainty, the ownership of Britain's national lottery operator, Camelot, has been settled in a GBP 389 million deal with the Ontario Teachers' Pension Plan.
The agreement will now go before the National Lottery Commission for final approval.
Lee Sienna, vice president of the Canadian fund said this week: "Camelot is a world-class lottery business with substantial opportunities to grow both domestically and internationally."
Camelot has been running the National Lottery since it began in 1994. In 2009 it was awarded a third licence which is set to run for a further decade. The Lottery has raised more than GBP 24 billion for heritage and educational schemes over the last 16 years, and Camelot chief executive Dianne Thompson said she hoped even more funding could be secured in the future.
"We welcome Teachers' commitment to the National Lottery's ongoing success," she said, adding that Camelot was looking forward "...to the opportunity of working with them to continue our progress in developing the business and delivering even more money for good causes".
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FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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