Lottomatica interest in Camelot depends on price

MILAN, April 28 (Reuters) - Italy's gaming company Lottomatica SpA (LTO.MI: Quote, Profile, Research) is only interested in buying stakes in UK lottery operator Camelot [LOTT.UL] if the price is "very attractive", Lottomatica Chairman Lorenzo Pellicioli said.

In a conference call with analysts on first quarter results, he said Lottomatica is already the service provider to Camelot which holds a nine-year concession on the UK lottery, with scope to extend for a further five years.

"A significant piece of ownership is up for sale. Are we interested? It all depends on the price," he said.

"There is no strategic reason for us to buy this asset unless there is very significant value creation potential and (that) is only driven by a very attractive price," he said.

(Writing by Nigel Tutt)