Industry News

Belgium’s Loterie Nationale Discusses Privatisation

Published

5 years ago

November 26, 2019

Niji Narayan

Belgium’s Loterie Nationale Discusses Privatisation

Reading Time: < 1 minute

Jannie Haek, CEO of the National Lottery of Belgium (Loterie Nationale), has said that privatisation of the National Lottery in Belgium would be a great opportunity for local investors. Haek believes that it would be great to see the company partially quoted on the Stock Exchange.

Haek spoke about the lottery being privatised and mentioned French company Française des Jeux, which the sale of its shares through an IPO resulted in more than €2 billion for the local government.

Deputy Prime Minister Alexander De Croo said that the decision does not depends on Haek. He said that the Belgian Government would be in charge of deciding whether the lottery is privatised or not.

“The CEO can wish it, but we, the Government, are the owners. It’s for the owners to decide what they do with the company,” Alexander De Croo said. De Croo added that the next government will decide on the lottery. “I do not wish to prejudge the facts. A new government will soon be formed, I hope.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.