Oireachtas Joint and Select Committees
Wednesday, 15 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Issues Related to the National Lottery: Discussion
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
In hindsight, maybe the addition of the extra balls has caused difficulty.
PLI is a consortium. It includes the An Post pension fund and the Ontario Teachers’ Pension Plan. Accounts have shown that PLI has racked up about €120 million in interest on loans from the consortium since 2014. The payment of the interest is having an effect on reported profitability. It is hard to understand why the lottery would take out loans, with interest of €120 million, from the consortium over the period in question and have to pay back this interest.
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