Paypoint celebrates Camelot ruling

2nd Mar 2011 13:45

Shares in Paypoint jumped after the National Lottery Commission rejected a plan by lottery operator Camelot to sell other services such as mobile top-ups and bill payments through its terminals.Such a move would have hit revenues at Paypoint, whose services are offered by newsagents and other retailers."It would be entirely wrong for Camelot to be allowed to exploit its position asLottery monopolist and spread its resources to offer unrelated commercial services," said Paypoint's chief executive Dominic Taylor. "We are pleased that the National Lottery Commission has accepted the compelling arguments that the proposal was undesirable and contrary to the public interest."