04/10/2013

Preferred Bidder Selected For National Lottery Licence

A preferred bidder has been selected in the sale of the next National Lottery licence.

Premier Lotteries Ireland made a bid of €405 million for the 20 year licence, which will begin next October.

The consortium is made up of the Ontario Teachers' Pension Plan, which owns the Camelot Group, An Post and An Post pension funds.

The Department of Public Expenditure and Reform will undertake discussions with Premier Lotteries Ireland to finalise the details of the deal.

It is understood that the bid of €405m was considerably higher than expected.

(MH/CD)

Related Irish News Stories
Click here for the latest headlines.

13 October 2022
SF Urges Everyone To 'Get Involved In The Discussion On A New Ireland'
Sinn Féin has urged people from all backgrounds to "get involved in the discussion on a New Ireland". Speaking at the first of Sinn Féin's People's Assemblies in the Waterfront Hall tonight, First Minister Designate Michelle O'Neill called on the Irish government to establish a Citizens' Assembly. Michelle O'Neill said: "This is our home place.
04 October 2013
Lottery Licence Sale To Fund Children's Hospital
Almost half of the money from the sale of the National Lottery licence will be used to fund the construction of the National Children's Hospital, Minister for Public Expenditure and Reform has said.
13 March 2020
70 Confirmed Cases Of Covid-19 In Ireland
There have been 27 new confirmed cases of Covid-19 in Ireland, bringing the total number of cases to 70, according to the Health Protection Surveillance Centre (HPSC). 22 cases are associated with local transmission, two are associated with community transmission and three are associated with travel.
04 April 2012
Agreed Approach For Next National Lottery Licence Announced
Mr Brendan Howlin TD, Minister for Public Expenditure and Reform today announced the Government has agreed in principle to the arrangements that will apply in relation to the next National Lottery Licence.
01 May 2012
Salutes For WWII Heroes With Commemorative Funding
World War Two veterans from across Ireland are making emotional journeys to re-visit past memories thanks to grants from the Big Lottery Fund.