Allwyn follows Camelot UK takeover with major expansion of U.S. presence

Allwyn follows Camelot UK takeover with major expansion of U.S. presence

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
December 22, 2022 7:57 PM
  • Ted Orme-Claye, SBC News
  • United Kingdom

As it prepares to take on UK National Lottery management duties, Allwyn has agreed to acquire the Camelot Lottery Systems Group (Camelot LS) from the Ontario Teachers’ Pension Plan (OTTP).

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The deal builds on Allwyn’s decision to outright buy Camelot UK, which has been the operator of the National Lottery since 1993 and was the firm’s main competition in the Fourth National Lottery Licence contest.

Although the UK Gambling Commission (UKGC) awarded the next 10 year contract to Allwyn, Camelot mounted a legal challenge against the decision. This has now been dropped, and Allwyn’s buyout of its former rival solidifies the firm’s standing in the UK lottery sector.