PRIVATISATION OF THE NATIONAL LOTTERY
The process that led to the privatisation of the National Lottery Licence commenced in May 2001. Proponents were invited to submit their plans through an open call for a Request for Proposals. Proposals were sought from consortia, companies and other corporate bodies for a license to operate on their own account all lotto, lotteries and other games of chance forming part of the National Lottery for a specified term.
The objective of the competitive bidding process was to select an operator of experience and repute, who would undertake to develop and improve the portfolio of games forming part of the National Lottery. Apart from continuing with existent games and introducing new game types and concepts, the selected operator was expected to upgrade the existing lottery infrastructure and provide players with new and innovative forms of access to games, based on the application of modern technology. Concurrently with this process, Government enacted a new law aimed at harmonizing gaming legislation in Malta whilst at the same time setting up the Lotteries and Gaming Authority.
Maltco Lotteries Limited commenced their operations in August, 2004 after being granted the National Lottery Licence. This licence provided Maltco Lotteries Limited with exclusive rights to run games that were previously run by the Department of Public Lotto as well as new games. The Licence bounds the operator with obligations particularly related to responsible gaming and a Code of Practice for its sellers. Maltco Lotteries Limited has as its shareholders the Greek international lottery operator, Intralot and two Maltese companies. Intralot S.A holds the major shareholding of 73%.