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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 :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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