Wed, Jan 29, 11:39am by Mia Chapman
One of the largest gambling operators in Australia – Tabcorp – has joined the competition for the operation of the United Kingdom National Lottery at a time when the rivalry for a new licence is proceeding to the next round.
Casino Guardian is reporting that Tabcorp, which has once co-owned Sun Bets as part of its assets, is the biggest lottery company in Australia.
Reportedly, the operator has entered the bidding competition for the right to run the United Kingdom National Lottery.
Tabcorp is so far the latest high-profile gambling operator that is holding talks with Rotschild, the investment bank that has been entitled with the responsibility of finding the next company that is to run the National Lottery from 2023.
For the time being, there has been a bunch of other names that have been rumoured to be in the competition.
Except for Camelot Group, reports have said that the media mogul Richard Desmond, Sir Richard Branson, the European lottery operators Francaise des Jeux , Sazka and Novamedia, the operator of the Dutch People’s Postcode Lottery, have been among the competitors for the operation rights.
The bidders had until January 22 to provide their response in a consultation on running the initial offer for the UK National Lottery operation.
The major gambling regulator, the UK Gambling Commission is set to review their responses.
Then, the watchdog is expected to issue a rules of engagement-style document.
Investment bankers from Rothschild & Co were recruited by the UKGC to choose the new operator of the UK National Lottery.
For the time being, it is the Camelot Group that has the right to run the National Lottery and holds a monopoly on its services.
The company has been operating the UK National Lottery for 25 years, but its existing operating licence is set to expire in 2023.
Since then, strong competition for the rights to run the operations has been expected to emerge.
As it became clear at the time when Rothschild investment bankers were entitled with the responsibility to choose the new operator, the former owner of Channel 5 and Express, Richard Desmond, has revealed his interest in taking over the UK National Lottery operations.
In November 2019, the British multinational venture capital firm Virgin Group also confirmed its interest in becoming the National Lottery operator.
The company that is under the lead of Sir Richard Branson, has revealed that it is willing to replace Camelot Group as the sole operator of the lottery.Lately, the National Lottery has been facing difficulties due to the struggles following its declining ticket sales.
Apart from that, there has been some controversy, including the 1.2 billion fine that it faced by the gambling regulatory body due to a series of failures that included non-winning messages to British lottery players.
Tabcorp, the largest lottery company in Australia, is the latest high-profile gambling name to hold talks with Rothschild about bidding for the licence to be the next operator of the UK’s National Lottery. https://t.co/vlt9ub11TS
— BTG Global Advisory (@btgga) January 28, 2020
Two South Australian charities received $50,000 donations from the Lott, just before Christmas.
Casino Aus reports that with an eye on health services, the Lott chose the Childhood Cancer Association and the Women’s and Children’s Hospital Foundation for the holiday cheer.
The lottery organisation that unites the official charities of Australia regularly contributes millions of dollars to charities.
Some are individual donations to families or people in need, while others are directed to large foundations that work for a cause or a larger goal, with respect to health, research, education and disaster relief.
Its total for the last fiscal year exceeded $1.4 billion.
The Lott, through SA Lotteries, wanted to surprise people who work for those charities with the holiday donations.
The Lott spokesperson Bronwyn Spencer said the reactions from the people in the room was “incredible”.
She said it rewards the organisations for their hard work and care for South Australian families.
WCHF Head of Fundraising Corinne Habel said the monetary donation will help them upgrade the Home Equipment Centre.
“There are so many children that want to get home from hospital as quickly as possible but require special equipment to make this happen. This will go a long way to helping children get back to their families sooner.”
CCA chief executive Cath O’Loughlin was also surprised and said it couldn’t be better timing, just before the Christmas holiday.
“This donation will go a long way to provide essential services to families in need, right from their time of diagnosis. From there, we can tailor our support to meet the individual needs of each family throughout treatment and beyond.”
Workers from both charitable organisations were surprised and grateful.
Ms Spencer said the Lott wanted to recognise their dedication and simply “wanted to do something to help them continue the wonderful work they do for others.”
In the 12 months preceding June 30, 2019, the Lott revealed it donated more than $1 billion to community initiatives.
In fact, the number was close to $1.4 billion.
In the area of health and medical research, it focuses on a variety of needs.
Past donations were dedicated to building new hospitals and other forms of infrastructure.
This year, the Lott went beyond to try to fund services and programs.
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