Desmond plans of the National Lottery bid”


Richard Desmond, the owner of the Daily and Sunday Express newspapers, plans to bid for the right to run the National Lottery at the time of renewal.

The plans of Mr. Desmond, who heads up the Health Lottery, have been reported in the Financial Times.

Camelot takes place in the united KINGDOM lottery of the franchise since he has been put in place in 1994.

A challenge to his monopoly would be the first since Sir Richard Branson of the Virgin Group failed to win the franchise in 2000.
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Camelot has the right to run the National Lottery until 2023 – after obtaining a four-year extension of his contract in 2012. He expects the franchise renewal process to begin in 2019.

A bid would be made by Mr Desmond’s company, Northern and Shell, which is the owner of his newspaper and magazines.

He led the loss-making of the Health Lottery since 2011. This is not a national lottery, but a collection of 51 local society lotteries that raise funds for health related good causes.

However, they collectively pay less in winnings from the National Lottery.

Camelot failed in 2012, the High Court application to have the gaming Commission of the licence to the Health Lottery revoked.

Martin Ellice, joint managing director of Northern and Shell, said the FT, the company would make a bid, saying: “We are in the lottery business now.”

Mr. Desmond sold Channel 5 to Viacom, MTV and Nickelodeon owner, for £450 million in 2014 and is in talks with the Mirror Group to sell the Express and Star titles.

The Ontario Teachers’ Pension Plan, one of the largest pension funds, bought Camelot for £for 389m in 2010.

Northern and Shell is expected to highlight its UK property in his offer.

Paul Ashford, the company’s group editorial director, told the FT: “The British people would not mind a British company to the British of the lottery.”

Earlier this year, Camelot announced a strategic review after ticket sales decreased 8.8% to a little less than £7.6 billion for the 12-month period to March 31.

Camelot argued that the increased competition would reduce the share of the ticket sales that go to the winners, good causes and tax. This figure amounted to 95%, the company said.

The National Lottery has awarded over £63bn in prize money, making 4,600 people millionaires.

Camelot has refused to comment further.

The north and the Shell could not be reached by the BBC.

The BBC aired the Saturday National Lottery draws on BBC One until January of this year, but now the shows on iPlayer.

The National Lottery Awards, which reward the beneficiaries of National Lottery Good Causes funding, will continue to be broadcast on BBC One.