Charities face loss on monday lottery investment

Helen Warrell and Helen Barrett

Chariot, operator of the troubled monday lottery, may have to call in the administrators after plummeting ticket sales fell below break-even level.

Recent attempts to find a buyer have failed. Chariot said that even if it manages to increase ticket sales there is "no guarantee" that this will lead to a successful recovery.

Each of the lottery's 70 charity partners had to pay a registration fee of up to £750. Of these, 64 have benefited from a draw, enabling them to recoup the fee.

However, six of them could end up out of pocket.

Sightsavers, which is among the six, is optimistic it will receive a donation from its first draw on 6 November.

"We need the draw to go ahead if we are to recoup our initial costs," said a spokesman. "We're really hoping monday pulls through."

Chariot's shares fell to 0.2p at the close of business on Friday. But Stuart Hadley, communications director, said: "We are not yet at the point of seeking administration. Our first step is to secure the business."

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