Sporttech - the next GMC-like rocket?


nod - Wed, 28 Dec 05 :

I've always felt Camelot has been shrouded in doubt. Time for a change and SPO in with the bidders.

Tuesday, 3 February, 1998, 22:25 GMT
Head of world's largest lottery company resigns

The chairman of the world's largest lottery company, G-Tech, Guy Snowden has resigned after losing a libel case in Britain in which he was accused of trying to bribe a rival.

Mr Snowden had lost the case to the British entrepreneur Richard Branson.

Mr Branson accused Mr Snowden of trying to persuade him to withdraw from a bid for the British national lottery in 1993.

G-Tech and Mr Snowden had an interest in the company which won the bid, Camelot.

A spokesman for G-Tech -- which has interests in lotteries in about fifty countries -- said Mr Snowden, had decided to step down as chairman to avoid damage to the company.

In a related development, the regulator of the national lottery in Britain, Peter Davis, has also resigned.

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