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Gambling News by Gambling Headquarters

Wednesday, August 16, 2006

Tattersall Bids for UK Lottery

 

As reported by the UK Times: "When Tattersall's announced in June its bid to run the UK lottery, few outside the gambling world had heard of the Australian lottery and gaming-machine operator. One Sydney analyst described it as 'not your typical corporation'. "Indeed, Tattersall's colourful past is sure to fascinate the panel that picks the winning bid after the deadline for entries passes in December. For more than 100 years it was run rather like a secret society, and is accused in Australia of preying on problem gamblers. "The competition for the lucrative 10-year licence to operate the lottery from 2009 will be the most intense yet. The winner must satisfy a rigid set of tests set by the UK National Lottery Commission. It must be a fit and proper organisation with a proven record and, most of all, meet the strict regulations governing the lottery. ".It said the bid was part of a strategy to diversify and expand internationally, as outlined in its prospectus ahead of its July 2005 listing on the Australian Stock Exchange."

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