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Allwyn completes acquisition of Camelot UK Lotteries5 February 2023(PRESS RELEASE) -- Allwyn AG, Europe’s leading lottery operator, today announced the completion of Allwyn’s acquisition of Camelot UK Lotteries Limited, previously owned by Ontario Teachers’ Pension Plan Board. Effective at the closing of the transaction, Camelot, the current operator of the National Lottery under a license that runs until 31 January 2024, has become a wholly owned subsidiary of Allwyn. In September 2022, the Gambling Commission awarded Allwyn Entertainment Ltd, a subsidiary of Allwyn, the licence to operate the National Lottery from 1 February 2024. Camelot will continue to be operated separately in accordance with the terms of the Third Licence. Clare Swindell and Neil Brocklehurst, currently Camelot’s Chief Financial Officer (CFO) and Commercial Director, respectively, have been appointed joint Co-Chief Executives and will lead Camelot through to the end of the Third Licence in January 2024. Sir Hugh Robertson, Camelot’s Chairman since 2018, has stepped down, with Sir Keith Mills, appointed as the new Chair.
Allwyn completes acquisition of Camelot UK Lotteries
is republished from Online.CasinoCity.com.
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