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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".
Gambling News :
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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