Oireachtas Joint and Select Committees

Wednesday, 11 March 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of National Lottery: Discussion

2:15 pm

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

If I may interject for a moment, Premier Lotteries Ireland, PLI, cannot be happy with the manner in which this is performing. It cannot be happy with the way things have worked out over the past couple of months. The valuation placed on any business like this is determined by its cash flow. The cash flow has been damaged slightly and therefore, the value of the company must be lessened. Consequently, PLI must go back to the drawing board to ascertain what skill-set it had that kept it working perfectly well for the retailers all along, as well as for the customers ultimately.

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