Court victory for Richard Desmond's Health Lottery
Richard Desmond, the owner of the Daily Express, hailed a victory for his Health Lottery after Camelot, the National Lottery operator, failed in a bid to close it down.
The High Court rejected Camelot's call for a judicial review into the Gambling Commission's decision to let the Health Lottery carry on operating.
Camelot boss Dianne Thompson argued her rival had breached the rules meant to grant the National Lottery monopoly status by buying a regional network of lotteries and promoting them nationally.
But Mr Desmond, who also owns Channel 5 and a string of adults-only satellite television channels, said: "The court said the application failed on merit. The judgement handed down is a pretty hard judgement."
He branded Ms Thompson a "second-hand car salesman" for labelling his charity unlawful.
"I would like a personal apology from them and I would like them to worry more about the charities which actually is why they have got their licence. How would you feel if you were a charity and you thought you were getting money from an unlawful operation? "
Camelot, bought two years ago for £389m by the Ontario Teachers' Pension Plan, fears the decision could pave the way for a spate of new lotteries that would eat into its ticket sales and jackpots. It has claimed it is losing £1m a week in sales to Mr Desmond's venture, set up last autumn, which gives 20p in the pound to good causes compared to its own 28p.
However, a 12 per cent rise in ticket sales last year to a record £6.5bn shows that it is still in good shape.
Camelot raised £750m for this summer's Olympics from themed tickets as part of a £2.2bn overall contribution and has become a big backer of British movies such as The King's Speech and The Iron Lady.
The Health Lottery will generate up to £30m for good causes in its first year, on sales of £150m.
Mr Desmond, who has committed £50m to the venture, hopes to break even within five years.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
UK weather: 'Coldest night of the year' tonight as freezing temperatures plummet to -10C
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Douglas Carswell tells Ukip to stop blaming foreigners as youth poll shows Nigel Farage is even less popular than Nick Clegg
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...