Oflot - Hutchinson encyclopedia article about Oflot Printer Friendly
The Free Dictionary
988,191,023 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Oflot

   Also found in: Dictionary/thesaurus, Wikipedia 0.04 sec.

Oflot

The Office of the National Lottery. It was established in 1993 by the then Secretary of State for National Heritage, Peter Brooke. Its first task was to issue a licence to the National Lottery operator and thereafter to monitor its performance. In May 1994, a seven-year licence was issued to the Camelot Group, a consortium that included Cadbury-Schweppes, Racal Electronics, the bank note printers De La Rue, ICL, and an experienced US lottery group, G-Tech. The licence was renewed for a further seven years in December 2000.

On 22 October 1993 Peter Davies, a deputy chairman of Abbey National plc, was appointed as its director-general. The high-profile entrepreneur Richard Branson, who had earlier offered to operate a non-profitmaking lottery, won a libel case in February 1998 against a director of Camelot who, he said, had tried to bribe him to drop his lottery bid, and on the following day the Oflot director-general, who had been under considerable pressure to do so, resigned.

The renewal of the license was marked by months of controversy, as first the National Lottery Commission could not decide between Richard Branson's bid and Camelot's bid for the licence, then found in favour of Branson, then after a legal challenge by Camelot, examined both bids again, and finally awarded the licence to Camelot.


?Page tools
Printer friendly
Cite / link
Email
Feedback
?Sign in SSL protected
Email:
Password:
Register

? Mentioned in
No references found
 
Hutchinson browser? ? Full browser
 
 
Hutchinson Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.