28th of March 2010 Author: Glo Wood
Teachers' pension group buys Camelot
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".
General Gambling News Bingo Society News
8th of November 2009
13th of January 2010
20th of March 2019
18th of January 2019
16th of February 2019
20th of January 2019
17th of January 2019
16th of January 2019
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2019
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!