Richard Desmond 'plans National Lottery bid'

Richard Desmond, the proprietor of the Day by day and Sunday Categorical newspapers, plans to bid for the fitting to run the Nationwide Lottery when it comes up for renewal.

The plans by Mr Desmond, who runs the Well being Lottery, have been reported in the Financial Times.

Camelot has held the UK’s lottery franchise because it was arrange in 1994.

A problem to its monopoly can be the primary since Sir Richard Branson’s Virgin Group didn’t win the franchise in 2000.

Camelot has the fitting to run the Nationwide Lottery till 2023 – after securing a four-year extension to its contract in 2012. It anticipated the franchise renewal course of will start in 2019.

A bid can be made by way of Mr Desmond’s firm, Northern and Shell, which owns his newspaper and journal titles.

He has run the loss-making Well being Lottery since 2011. It isn’t a nationwide lottery however a group of 51 native society lotteries that increase funds for health-related good causes.

Nonetheless, they collectively pay out much less in winnings than the Nationwide Lottery.

Camelot failed in a 2012 High Court bid to have the Playing Fee’s licence for the Well being Lottery revoked.

Martin Ellice, joint managing director of Northern and Shell, instructed the FT the corporate would make a bid, saying: “We’re within the lottery enterprise now.”

Mr Desmond offered Channel 5 to Viacom, the MTV and Nickelodeon proprietor, for £450m in 2014 and is in talks with the Mirror Group to promote the Categorical and Star titles.

Ontario Lecturers’ Pension Plan, certainly one of Canada’s greatest pension funds, purchased Camelot for £389m in 2010.

Northern and Shell is predicted to focus on its UK possession in its bid.

Paul Ashford, the corporate’s group editorial director, instructed the FT: “The British folks wouldn’t thoughts a British firm doing the British lottery.”

Earlier this 12 months Camelot introduced a strategic evaluation after ticket gross sales fell by eight.eight% to simply beneath £7.6bn for the 12 months to 31 March.

Camelot has argued that larger competitors would scale back the share of ticket gross sales that go to winners, good causes and in tax. That determine stood at 95%, the corporate mentioned.

The Nationwide Lottery has awarded greater than £63bn in prize cash, making some four,600 folks millionaires.

Camelot declined to remark additional.

Northern and Shell couldn’t be reached by the BBC.

The BBC broadcast the Saturday Nationwide Lottery attracts on BBC One till January this 12 months, however now exhibits them on iPlayer.

The Nationwide Lottery Awards, which recognises recipients of Nationwide Lottery Good Causes funding, will proceed to be proven on BBC One.

Revealed at Solar, 12 Nov 2017 16:34:52 +0000