Rothschild & Co has been appointed by the UK Gambling Commission as the lead financial advisor for the fourth National Lottery license competition.
In 2023 the current license operates the national lottery is set to expire. As such a fresh license competition is to be organized.
The initiatives to award the next National Lottery License started in November 2018. The UKGC has already been involved in several global market engagement to help shape the design of the next license.
Now the gambling Commission has appointed Rothschild & Co as lead adviser to engage interested parties ahead of the official launch of the competition in early 2020.
The other names in the team of financial advisors are global accounting firm Ernst and Young (EY), Deloitte and Hogan Lovells.
Edward Duckett, Managing Director, Rothschild & Co said: “The National Lottery is one of the largest and most successful lotteries globally and is of significant national importance. The competition for the 4th National Lottery license is one which has the potential to generate interest from a wide range of national and international operators. We are delighted to have been entrusted by the Gambling Commission as their lead adviser to assist in delivering a successful competition for the fourth license.”
Neil McArthur, Chief Executive of the Gambling Commission, said: “The National Lottery is a national asset. We want to build on the tremendous success of the National Lottery and we are determined to run a fair and transparent competition process that maximizes the opportunities for innovation and creativity whilst protecting the special status of the National Lottery.”
Earlier last week on Tuesday, Culture Minister Mims Davies said that the minimum age to play National Lottery scratchcards and online win games could be increased to 18 to protect vulnerable young people.
While the minimum age for the lottery in the UK is 18 the National Lottery is exempt from the rule.