It has been announced today that Tabcorp, one of Australia’s biggest gambling firms following the 2017 Tatts Group merger, is set to tender for the license to run the UK state lottery; The National Lottery.
Tabcorp Holdings Limited, a publicly traded company established in Melbourne, Australia has put itself forward for talks with those responsible for finding a suitable company to take over the operating license from 2023.
Among the names already in the hat to be the new licensee are Francaise des Jeux, current operator of national lottery games in France and Sir Richard Branson, founder of the Virgin Group.
All companies who have put forward an expressions of interest will be reviewed by the UK Gambling Commission who is set to review applicants in the near future.
The current operating license of the UK state lottery is held by the Camelot Group since 2009, a subsidiary of Ontario Teachers’ Pension Plan; an independent pensions organisation for Canadian teachers in Ontario.
The license is set to expire in 2023, by which time a new license holder will have been agreed and will continue operating the state lottery with potential minor changes.
In the running is said to be Richard Desmond, former owner of Channel 5 (UK) and current owner of Northern & Shell; a publishing group in Britain responsible for popular magazines ‘OK’ and ‘New’.
The national lottery of the UK is currently broadcast on ITV and all prizes are paid tax free in one-lump-sum. The odds of winning are over 45 million to one.
The franchise also operates an online gaming website, with luck games rather than skill, known as instant wins and include scratch cards and choice games.