Allwyn Completes Acquisition of Camelot UK Lotteries Limited from Ontario Teachers’ Pension Plan Board
LONDON, United Kingdom and LUCERNE, Switzerland – 5 February 2023 – Allwyn AG (“Allwyn” or the “Company”), Europe’s leading lottery operator, today announced the completion of Allwyn’s acquisition of Camelot UK Lotteries Limited (“Camelot”), 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 licence that runs until 31 January 2024 (the “Third Licence”), 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 is a leading multi-national lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands across Europe in Austria, Czech Republic, Greece and Cyprus, and Italy. Following a successful tender process in 2022, the UK subsidiary of Allwyn was awarded the licence to operate The National Lottery under the Fourth Licence, which runs from 1 February 2024.
SOURCE: Allwyn AG.Tags: Ontario Teachers' Pension Plan Board, Allwyn AG, Camelot UK Lotteries Limited