Article 750N2 Richard Desmond loses £1.3bn damages battle over national lottery licence

Richard Desmond loses £1.3bn damages battle over national lottery licence

by
Rob Davies
from World news | The Guardian on (#750N2)

Firms owned by media tycoon launched action against Gambling Commission in 2022 after Allwyn won franchise

The media tycoon Richard Desmond has lost his claim for up to 1.3bn in damages from the Gambling Commission, ending a bitter dispute over the regulator's decision not to award him the 10-year licence to run the national lottery.

Companies owned by the former proprietor of the UK broadcaster Channel 5 and titles including the Daily Express, Asian Babes and Readers' Wives launched action against the regulator in 2022, starting a tortuous legal process in which Desmond's costs were estimated to have reached 55m by May last year.

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