Oireachtas Joint and Select Committees

Thursday, 23 March 2023

Public Accounts Committee

Business of Committee

9:30 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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Two items of correspondence are associated – Nos. 1773 B and 1781 B. I wish to inquire about Ontario Teachers' Pension Plan, which is looking to get out of the lotto licence. It acquired the licence in 2014 for €405 million. Is there an exit penalty and who would handle the licence's sale? I presume it would not be put up for open sale. How would it be sold? An Post is a junior partner. Would the sale have consequences for it?

The lottery licence was sold to fund, in part, the building of the national children's hospital. It will be doing well to fund the overrun, never mind the initial cost. Has that funding gone into the children's hospital and how much of the €405 million has been collected for that purpose?