Premier Lotteries completes purchase of Irish National Lottery licence

iGaming Business – The Premier Lotteries consortium has completed the purchase of the licence to run the Irish National Lottery in a deal worth a reported €405 million ($558.9 million). According to the Irish Times newspaper, the consortium involves An Post, a state-owned provider of postal services in Ireland, and Ontario Teachers’ Pension Plan, the owner of UK National Lottery operator Camelot. The incoming operator will now begin a transition process, which will see it take control of the franchise in 12 months’ time. As reported by iGaming Business in October 2013, Premier Lotteries had been named as the preferred…