Allwyn, a prominent European lottery entity, is poised to purchase Camelot UK, the present administrator of the UK National Lottery, from the Ontario Teachers’ Pension Plan Board. This strategic maneuver will consolidate both the existing and forthcoming licenses for the UK National Lottery under Allwyn’s purview, as they are scheduled to assume operations in 2024.
Anticipated to conclude in the initial quarter of 2023, this acquisition hinges on regulatory consent. Robert Chvatal, Allwyn’s Chief Executive Officer, conveyed enthusiasm regarding this prospect, underscoring their mutual dedication to the National Lottery and its recipients. He emphasized the advantages of shared proprietorship for a seamless handover and the lottery’s continued prosperity.
Allwyn has committed to augmenting the National Lottery, elevating funds allocated to charitable endeavors and reinforcing safeguards for participants. This acquisition aligns with their strategic objectives and solidifies their dedication to the UK market. It is noteworthy that Camelot will maintain its independent operations under the stipulations of the current license until the transition in 2024.
Allwyn states that the acquisition of Camelot will guarantee a seamless handover as the new steward of the UK National Lottery. This action is integral to the strategy of transferring control for the forthcoming fourth license term, and Allwyn is collaborating closely with Camelot and the Gambling Commission to ensure its success.
Nick Jansa, the leader of the Europe, Middle East, and Africa branch of the Ontario Teachers’ Pension Plan, the proprietors of Camelot, remarked: “We are immensely proud of our 12-year history supporting the UK National Lottery. Under Camelot’s stewardship, the lottery has generated over £20 billion (equivalent to a remarkable $23.7 billion!) for charitable endeavors, significantly impacting numerous communities throughout the UK.”
He continued, “We are certain that this sale lays the groundwork for an effortless transition to the fourth license holder, and we extend our best wishes to Allwyn. A heartfelt thank you to Camelot’s devoted management and personnel for their unwavering efforts over the past decade in effectively managing the UK National Lottery, including achieving unprecedented returns for worthy causes this past year.”