The Olympics

The Olympics


News, information and stories about the Olympic Games.

Tuesday, 7 August 2007

The Olympic Legacy

One of the curious side effects, or to use the fashionable term beloved by the IOC and other Olympic organs - "legacy", of the London Olympics 2012 is that of preserving Camelot's monopoly stranglehold over the UK lottery industry.

Camelot is expected to hold on to the National Lottery today, it has run the National Lottery since 1994. However, it is facing a rival bid from Sugal & Damani, an Indian based rival.

Despite the fact that Camelot is in a monopoly position, and as such it could be argued that it would be beneficial to open the market up to competition, it is unlikely to lose its stranglehold.

The simple reason being that it has been asked to guarantee £2.2BN for the Olympics 2012, the budget for which is spinning hopelessly out of control.

Sugal & Damani would have problems in guaranteeing that sum.

So those who look for an Olympic legacy need look no further than the lottery monopoly, something to be proud of!

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