Irish lottery licence legislation given initial approval by government
The Irish government has given its initial approval to legislation allowing the sale of Ireland's National Lottery licence, which is due next month. The draft heads of the new National Lottery Bill were approved by Cabinet at its last meeting, according to a spokeswoman for Minister for Public Expenditure and Reform Brendan Howlin.
Officials in the country have already started meeting with potential bidders over applications for the 20-year licence. The government also revealed it will engage external advisers to provide financial and commercial advice in relation to the competition, owing to the complexity of the process.
A statement from Howlin's department said that, following approval of the draft heads of a new Bill by Government, the next step is for a new National Lottery Bill to be published towards the end of September.