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21/02/2012
Lottery Operator Could Receive €50m
The next operator of the National Lottery could be offered €50 million to run the business.
Under Minister for Public Expenditure Brendan Howlin plans for the sale of the licence the new operator could run the lottery for between 20 and 30 years.
The Minister will bring the proposals to Cabinet early next month.
An Post currently holds a seven-year licence to operate the State’s lottery. They receive an annual management fee of just under €3 million.
(GK)
Under Minister for Public Expenditure Brendan Howlin plans for the sale of the licence the new operator could run the lottery for between 20 and 30 years.
The Minister will bring the proposals to Cabinet early next month.
An Post currently holds a seven-year licence to operate the State’s lottery. They receive an annual management fee of just under €3 million.
(GK)
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