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
Mr. Dermot Griffin:
Again, I do not know who the other bidders were or what they bid. What I can say is that the previous licence, in terms of the contract with GTech, was based on revenue share; therefore, it was not based on the cost of the equipment used. That makes sense at the start of a lottery as one is building it up and one is paying for the equipment from a share of the revenues. As the lottery grows and there is more revenue, it makes financial sense - certainly, it made financial sense to us - to buy the equipment outright rather than have an ongoing revenue share for the following ten or 20 years.
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