9th of May 2013 Author: Glo Wood
Finally and after a lot of anticipation, the Irish government opened the bidding for a 20-year license to run the Irish National Lottery with Public Expenditure and Reform Minister Brendan Howlin formally announcing the invitation for expressions of interest in the license.
On May 8 it was reported that the Irish government announced the opening of the bidding process with an aim to provide the cash-strapped country with up to Euro 600 million, which will be reserved for the construction of a new national children's hospital.
In order to do this, the government had to pass special legislation which would enable the license sale, and it also had to ensure that any new operator would be able to broaden the commercial activities of the lottery by permitting more online games.
Some of the certain bidders who already expressed intention to team up on the project include the national postal authority, An Post, which has operated the lottery for the past 26 years and the GTech subsidiary of the Italian gambling group Lottomatica.
The full competitive process is scheduled to begin later this month and a bidder is expected to be selected later in the year.
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