Let's Chat

Bwoo

GIF-TOP

Flutter Entertainment, the owner of Paddy Power and Betfair, topped the FTSE 100 risers after its boss wrote to regulators encouraging them to put the National Lottery back in British hands

Flutter Entertainment, the owner of Paddy Power and Betfair, topped the FTSE 100 risers after its boss wrote to regulators encouraging them to put the National Lottery back in British hands.

The business’s chief executive Peter Jackson has written to the Gambling Commission suggesting it award the contract, the largest in the public sector, to Italian gaming group Sisal.

Flutter Entertainment signed a deal to buy Sisal for £1.6billion back in December, meaning it will ultimately take over the lottery contract if the bid succeeds.

It could be him: Flutter boss Peter Jackson (pictured) wrote to the Gambling Commission suggesting it award the contract to gaming group Sisal which Flutter has signed a deal to buy

It could be him: Flutter boss Peter Jackson (pictured) wrote to the Gambling Commission suggesting it award the contract to gaming group Sisal which Flutter has signed a deal to buy

In his letter, Jackson stressed the importance of Sisal being part of a UK-listed business, while the two current favourites bidding for https://accommodation-wanaka.com/ the contract are foreign-owned.The letter was first reported in the Sunday Telegraph.

The shares surged 4 per cent, or 425p, to 11005p following news of the intervention. Sisal is one of four suitors battling for control of the National Lottery in a hard-fought auction process that is expected to conclude in the coming weeks. 

Snow Farm - Wikipedia

However, the Italian group is lagging behind two other heavyweights in the bidding war.

<div class="art-ins mol-factbox floatRHS money" data-version="2" id="mol-b4e29c50-47dc-11ec-9a77-cf595fc01a8b" website REPORT: Flutter rises as boss eyes National Lottery owner

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart