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Virgin Looking To Acquire UK Lottery
11/12/09 - The Times reports that Sir Richard Branson is to partner up with an unidentified investment company and the Dutch-owned People’s Postcode Lottery (PPL), in a bid for control of Camelot, the UK's National Lottery operator. The consortium is reportedly interested in acquiring an eighty percent stake in the operator.
In April, four of Camelot’s five shareholders — Thales, Fujitsu, Cadbury and De La Rue — appointed Greenhill and Rothschild, the investment banks, to advise on a possible sale of their individual 20 percent stakes. The intentions of Royal Mail, which owns the other 20 percent, are uncertain.
The likely sale price is not known, although analysts predict that an 80 percent stake could fetch between GBP 200 million and GBP 250 million.
Sir Richard, who has twice lost out to Camelot in the bidding for the National Lottery licence, is tipped to plough back the dividends currently paid to its five shareholders into charitable causes.
PPL is part of Novamedia, a charity lottery group founded by Boudewijn Poelmann, a Dutch entrepreneur who is a founding shareholder in City AM, the free financial newspaper, and a board director at Feyenoord, the Dutch football club.
Novamedia has operations in the Netherlands, Sweden and, since 2005, Britain and claims to have given more than €3.5 billion (£3.1 billion) to charities. PPL has recently launched a nationwide rollout across Britain, working with 5,000 local retailers.
There are said to be as many as 20 prospective bidders for the Camelot stake, including Sugal & Damani, the Indian lottery operator. The deadline for offers is next Wednesday.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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