Lottoland chief executive Nigel Birrell has said the operator is preparing its executive board for a potential IPO and has no plans to exit Australia, in this month’s podcast.
Talking to iGB earlier this month the boss of the secondary lottery provider was candid in describing his expectations for the future of the business.
He said although firm plans for an IPO are yet to be made, he is conscious when hiring for senior positions to build a board that would satisfy governance requirements is the company decides to list in future.
“We have family shareholders as the majority of the company, at the end of the day it probably represents the majority of their worth and so it would only be sensible for them to be looking for a liquidation event of some sort, when that be a sale of the business or an IPO”.
Birrell also reflects on the future of the business in Australia following the country’s ban on secondary lotteries and recalls his past life working in children’s TV.
To hear the full interview click here.