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MALTA LOTTERY HAS A NEW OWNER
03/24/2012 : MALTA LOTTERY HAS A NEW OWNER
Euro 39,100,000 paid for the ten year concession
In Malta, the Ministry of Finance, the Economy and Investment announced this week that the winning bidder for the National Lottery of Malta concession is Maltco Lotteries Limited.
In a bidding process, Maltco offered Euro 39,100,000 for the ten year concession, which will commence from 5th July 2012.
Two bidders, Maltco Company Limited which has been running the National Lottery since 2004 and a GTech-Betco Consortium submitted their tenders on 5th January 2012.
Following the Adjudicating process both bids satisfied the technical and financial requirements laid down in the Call for Tender.
The bidders have also satisfied the due diligence criteria laid down in the Call for Tender and necessary to satisfy the Fitness and Propriety requirements of the Lotteries and Gaming Authority to issue the operator licence.
On this basis both bidders qualified to move on to the third stage of the process - the opening of their financial offers. These were opened Thursday in the presence of a Notary Public and representatives of both bidders.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
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