Allwyn completes Camelot UK Lotteries acquisition

Allwyn completes Camelot UK Lotteries acquisition

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
February 8, 2023 7:57 PM
  • Robert Fletcher, iGaming Business
  • United Kingdom
  • Other

European lottery operator Allwyn has completed its acquisition of Camelot UK Lotteries from the Ontario Teachers’ Pension Plan board (OTPP).

Under the agreement, which was first announced in October of last year and approved by the Great Britain Gambling Commission last month, Camelot will become a wholly owned subsidiary of Allwyn.

The agreement covers all Camelot’s UK operations, including the current rights to operate the National Lottery until February 2024, when Allwyn will take over after it was awarded the fourth National Lottery licence to Allwyn, ending Camelot’s 28-year tenure as operator.

In accordance with the terms of the third licence, Camelot will continue to be operated separately from Allwyn.