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Minister Brendan Howlin on the ball today with CEO of Premier Lotteries Ireland, Dermot Griffin. Conor McCabe Photography

Canadian-owned group to run the Lotto for next 20 years

A payout of €405 million will go to the State in coming days for lottery licence.

A CANADIAN GROUP called the Ontario Teachers’ Pension Plan (OTPP) has formally taken over the running of the Irish National Lottery.

OTPP, which also owns the Camelot Group, has teamed up with An Post and An Post pension funds, to take over the operation for the next 20 years.

The takeover, which will see a first installment of €405 million paid over to the State in the next few days, was given the welcome mat by Public Expenditure Minister Brendan Howlin today. He said that he was “very pleased” at the move and that he believed the new operators would combine “valuable domestic experience together with international expertise”.

OTPP is worth over $130 billion and is Canada’s largest single-profession pension plan. It owns Camelot, which runs the UK Lottery along with other lotteries worldwide. An Post remains involved in the operation of the lottery.

The 6 that shared the Lotto jackpot? One of them has to share it again…
Ever wonder how likely you are to win on a scratchcard?

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    Mute The Viking
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    Dec 7th 2015, 8:06 PM

    All that over €50.. Seriously… Was it worth it.. A mans life .. Then being locked up for yrs.. Sometimes I wish people would take a deep breath and step back.. You step forward and it could be your last..

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    Mute Maurice Slater
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    Dec 7th 2015, 8:23 PM

    unnecessary bravado, insecurity, stupidity and a loss of a life, 50euro, live with that for the rest of your life.

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    Mute paul farrell
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    Dec 7th 2015, 8:56 PM

    Yet again the demon drink was involved ….

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    Mute Crocodylus Pontifex
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    Dec 7th 2015, 8:37 PM

    Can anyone explain the term “straightener” to me please?

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    Mute Bantersaurus Rex
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    Dec 7th 2015, 8:53 PM

    Fist fight

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    Mute Philip King
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    Dec 7th 2015, 9:01 PM

    Yeah, not a knife Vs fist fight. Just a fist fight. The kinda thing you did as a kid. I haven’t heard anyone say that word in about 15 years.

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    Mute Paul J. Redmond
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    Dec 7th 2015, 10:40 PM

    It originated in Liverpool and means a face to face meeting between individuals or groups with an issue between them. It might be “straightened out” with a civilised chat or it might escalate to a punch up or weapons or a shooting match.

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    Mute Trevor Weafer
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    Dec 8th 2015, 6:55 AM

    Eight years for intentionally bringing a knife out to do serious harm. That is an absolute joke.

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