Intralot Plays Lottery as its Number Comes Up
03 Jan 2007
Intralot, the international lottery operator based in Greece, will announce within days that it is to enter the race for Britainís national lottery licence.
The incumbent, Camelot, has seen profits soar for its shareholders, De La Rue, Cadbury Schweppes, Thales, Fujitsu, and Royal Mail. The contract comes up for renewal in 2009 but the licence will be awarded in August.
The lottery has staged a strong recovery over the past two years, enjoying the longest period of growth in its 11-year history, with £2.4bn (E3.56bn, $4.7bn) of sales.
Lottery sources say that Intralot is set to announce its intention to submit a bid in time for the 9 February deadline.
It has been working on its tender with Ladbrokes, the gaming firm, which is understood to have now pulled out. The two firms continue to work closely on sports-betting projects in Europe.
Sugal & Damani, a lottery operator in India, has already confirmed it will fight for the licence prompting the biggest competition since the lottery started in 1994.
Last month, the National Lottery Commission agreed to extend the deadline for bids to encourage competition. A spokeswoman for Intralot refused to comment.
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