# Chariot sells monday online charity lottery

- Link: https://fundraising.co.uk/2007/01/18/chariot-sells-monday-online-charity-lottery/
- Published: 2007-01-18T00:00:00+00:00
- Author: Howard Lake

**Chariot, the company which set up ‘monday’, the online charities lottery which
launched in 2006, has sold the game to an interactive TV gaming company for £140,500
in cash. The game will continue to operate as before, raising funds for its 70 charity
partners, but will be run by NetPlay TV.**

NetPlay TV will acquire the intellectual property rights to monday together with
the entire player database. In return NetPlay TV will, with immediate effect, take
responsibility for the operation and operating costs of monday and receive monday’s
revenues, reportedly around £50,000 a week.

Chariot has agreed to help NetPlay TV with the transition for about four weeks.

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Just two days before the announcement, Chariot had said that it would be forced 
to close the lottery if it did not find a buyer for its assets.

NetPlay TV, formerly Stream Group plc, plans to apply its TV production skills to
monday to produce a live, interactive TV lottery show which will “give players an
enhanced experience.” Last year it acquired Vegas 247 Limited, a TV production company
that produces the interactive TV game “Live Roulette” on Sky. It believes that linking
the flexibility of the Internet with the traditional TV broadcast will “add further
trust and credibility to the monday game.”

Chariot itself, by disposing of all of its trading business activities, will become
an investment company, and remains floated on AIM. However, the Board currently 
anticipates that Chariot will try to find a business – not necessarily a lottery
operation, to reverse into it.

Peter Jones, the Chairman of Chariot, commented: “Despite our best efforts we have
unfortunately been unable to secure an independent future for the monday lottery.
Nevertheless, we are delighted that the monday game will continue under the new 
ownership of NetPlay TV. Whilst it is disappointing that Chariot will no longer 
operate the lottery, everyone at Chariot is proud of having raised over £1.65 million
for the charity partners since May and delighted that this transaction allows the
charity partners and players to continue to benefit from monday.”

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