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Lottery

Incoming UK National Lottery operator Allwyn in USD 115 M talks to buy incumbent Camelot

Wednesday 02 de November 2022 / 07:16

2 minutos de lectura

(London).- The next operator of the National Lottery is in talks to buy the incumbent, Camelot, in a £100m [$115m] deal that would pave the way for the removal of the latter’s final legal challenge against the industry regulator.

Incoming UK National Lottery operator Allwyn in USD 115 M talks to buy incumbent Camelot

Sky News has learnt that Allwyn Entertainment is in advanced discussions with Camelot’s Canadian owner about a takeover of its UK operations.


The surprise deal would result in Allwyn controlling the company it will replace as the National Lottery operator in February 2024. Sources said an agreement could be struck in the coming weeks and was likely to see Allwyn paying in the region of £100m to acquire Camelot’s UK arm. The surprise deal would result in Allwyn controlling the company it will replace as the National Lottery operator in February 2024.


Sources said an agreement could be struck in the coming weeks and was likely to see Allwyn paying in the region of £100m to acquire Camelot's UK arm.


The Gambling Commission, which oversaw the awarding of the new licence earlier this year, is understood to have been informed about the discussions.


If completed, the deal would give Allwyn access to Camelot's UK earnings roughly a year before it surrenders control of the franchise it has held since the National Lottery launched in 1994.


Crucially, it would also trigger the withdrawal of Camelot's outstanding legal challenge against the regulator over the decision to replace it with Allwyn in 16 months' time.

Categoría:Lottery

Tags: Sin tags

País: United Kingdom

Event

SBC SUMMIT RIO 2024

05 de March 2024

Andre Gelfi explains the new regulation in the Brazilian gaming and betting market

(Rio de Janeiro, SoloAzar Exclusive).- The Managing Partner of Betsson group in Brazil, Andre Gelfi, was another key figure present at the inaugural SBC Summit Rio. In this exclusive interview with SoloAzar, he shared insights about the gaming and betting market in Brazil. Gelfi emphasized the hot topic of Brazilian regulations for the iGaming industry. In fact, he expressed his anticipation that the regulation, expected to be approved this year, will create a new landscape in the Brazilian market

Wednesday 27 Mar 2024 / 12:00

Influencers: "Between Effectiveness and Responsibility in the Gaming Industry".

(Rio de Janeiro, SoloAzar Exclusive) - As part of the Conference "Influencers: The Next Frontier of Social Media Marketing", as part of the Conference Agenda held on 6 and 7 March at the SBC Summit Rio 2024, leading industry personalities gathered in a panel to discuss the impact of the power of celebrities and influencers in generating engagement, as well as the proposed law that seeks to restrict their promotion of gambling.

Wednesday 27 Mar 2024 / 12:00

Pay4Fun: “We have ambitious expansion plans in the Brazilian market”

(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, is a key figure in the world of iGaming. His company, Pay4Fun, is a leading Brazilian online payment provider specializing in the iGaming market. During the first edition of the SBC Summit Rio, Baptista spoke exclusively with Soloazar, sharing insights about the new services that Pay4Fun will introduce to the market. He also discussed his vision for the future of iGaming in Brazil and Latin America. Another unmissable note by SoloAzar.

Wednesday 27 Mar 2024 / 12:00

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