Summary:
The UK Gambling Commission gave the go-ahead for Allwyn Entertainment’s acquisition of the assets of the Ontario Teachers’ Pension Plan Board. The Gambling Commission’s decision to award the fourth lottery license to Allwyn ahead of Camelot was the subject of legal action by the company. The company entered into negotiations to sell its UK lottery business to Allwyn after withdrawing its threat.
The UK Gambling Commission has given the go-ahead for Allwyn Entertainment to take over the assets of the Ontario Teachers’ Pension Plan Board.
The news brings to a close a licensing bidding process that saw Camelot threaten legal action over the Gambling Commission’s decision to award the fourth lottery license to Allwyn ahead of Camelot. The company entered into negotiations to sell its UK lottery business to Allwyn after withdrawing its threat.
The company said in a statement that it had made a decision.
The company has been given the go-ahead by the Gambling Commission to take over the company from the Ontario Teachers’ Pension Plan Board.
Robert Chvtal is the CEO of Allwyn Group and the interim CEO of Allwyn UK.
Today marks an important milestone in our journey to become the operator of The National Lottery. Bringing together the collective expertise and technical know-how of two highly experienced lottery operators will help ensure a smooth transition from the Third to the Fourth Licence. We are very excited to have a member of the Allwyn family. We all share the same passion for protecting and improving The National Lottery and supporting good causes.
There will be some changes to the board and management team as Allwyn prepares for the transition to a new lottery license in January 2024.