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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

GAT EXPO CARTAGENA 2025

28 de April 2025

Payphone and its First Experience at GAT Expo Cartagena: Expansion and Connections Key to the Future

(Cartagena, Exclusivo SoloAzar).- Paola Murillo, Business Development Manager at Payphone, talked with SoloAzar about the company experience at GAT Expo Cartagena. The company aims to interact with regulatory authorities to drive its expansion in Latin America and the Caribbean. How does the firm plan to have more presence in these strategic markets? Read more in the following Q&A.

Friday 09 May 2025 / 12:00

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(Cartagena, SoloAzar Exclusive).- In a Q&A with SoloAzar, Luz Beatriz Jaramillo Serna, 21Viral Sales Manager Latam, emphasizes the importance of regulatory interactions and networking for business growth. Discover the key takeaways from this exclusive interview!

Friday 09 May 2025 / 12:00

GAT Expo Cartagena 2025 reaffirms its leadership in the gaming sector in Latin America

(Cartagena, SoloAzar Exclusive).- With record attendance, strategic alliances, and a high-level academic agenda, GAT Expo Cartagena is driving innovation and industry growth in the region. In conversation with SoloAzar, CEO José Aníbal Aguirre discusses the highlights and upcoming GAT events in Latin America for the rest of the year.

Thursday 08 May 2025 / 12:00

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