UK lottery operator reports record first half sales

Nationwide Lottery operator Camelot on Tuesday reported record half yr sales because it goes into the ultimate weeks of one of many hardest competitions for the brand new UK lottery licence in its 27 yr historical past.

The corporate, which has run the Nationwide Lottery because it was established in 1994, mentioned it recorded sales of £3.9bn within the six months to September 30, up 2.7 per cent in contrast with the identical interval in 2020.

The sales had been boosted by an uptick in gamers shopping for its draw-based Lotto recreation and a rise in advertising and marketing in the course of the summer season Olympics. Camelot mentioned its web revenue represented 1 per cent of sales.

The quantity Camelot returned to good causes was £884.5m, a 2.4 per cent enhance in contrast with one yr earlier.

The outcomes come as Camelot awaits a call by the playing regulator on whether or not it’ll retain the lottery licence for a fourth time after a hotly contested competitors for the profitable authorities contract.

Bidders submitted their closing shows to the Playing Fee on the funding financial institution Rothschild’s London headquarters this month. A closing determination on who will run the lottery from 2023, when the present licence expires, will likely be introduced in February.

Others vying to win the contract embody the Italian lottery operator Sisal, the Czech playing firm Sazka and the media mogul Richard Desmond.

One particular person near Camelot mentioned it anticipated the end result to be “shut” and that the corporate had employed the crossbench peer Lord David Pannick to signify it within the occasion that the end result was challenged by one of many shedding bidders and there was a judicial evaluation.

One rival to Camelot for the lottery licence mentioned the ultimate submission course of had been gruelling, with individuals giving a 3 hour presentation adopted by two hours of questioning.

Nigel Railton, chief govt of Camelot, mentioned the excessive sales figures weren’t the product of additional efforts forward of the bid. “I’m at all times targeted on our efficiency,” he added “We’ve had 4 and half years of sales development and the technique has been constant.”

Railton took cost at Camelot in 2017 following a tough interval for the corporate throughout which returns to good causes fell and it was fined greater than £1m by the Playing Fee for “historic management and governance failings”.

Bidders for the following lottery licence are strictly forbidden by the regulator from commenting publicly on their prospects within the competitors however Railton mentioned “as a administration group, we really feel we’re solely simply getting began”.

Camelot declined to touch upon Pannick’s appointment.

In an indication of the sluggish restoration on UK excessive streets following the coronavirus pandemic, Camelot mentioned sales of lottery tickets at its 44,000 retailers had been nonetheless beneath 2019 ranges.

Railton additionally warned the corporate may face a troublesome yr in 2022 as inflationary pressures hit discretionary spending by customers.

“Client confidence is low, discretionary spend is underneath stress however we’ve got a extremely resilient enterprise,” he mentioned.

UK lottery operator reports record first half sales Source link UK lottery operator reports record first half sales

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