Comment 86736

By Noted (anonymous) | Posted February 25, 2013 at 12:50:47

"Ontario is taking steps to privatize the operation of its lucrative lottery business in hopes that the move, which would be a first among Canadian provinces, will rake in even more revenue to support public finances.

The first step of the bidding process is already under way, with plans to award a contract by the end of 2013. According to sources close to the process, one of the parties interested in bidding for the 10-year contract is Camelot Group PLC, which operates Britain’s national lottery and was bought by the giant Ontario Teachers’ Pension Plan about three years ago."

http://www.theglobeandmail.com/news/national/cash-strapped-ontario-ready-to-gamble-on-privatizing-its-lotteries/article9017031/

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