Allwyn snaps up rival Camelot as it gears up for National Lottery takeover

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City AM

By Leah Montebello Allwyn will snap up the current operator of the National Lottery Camelot UK as the Czech firm gears up to takeover the licence in 2024. Earlier this year, the Gambling Commission awarded Allwyn the licence to operate the National Lottery from 1 February 2024. Camelot, which is owned by Ontario Teachers’ Pension Plan Board, initially challenged this decision, arguing that the gambling watchdog did not properly evaluate the risk of its rival’s ambitious proposals, and questioned the processes behind the competition. Legal action was eventually dropped and under the new acquisi…

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