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Compliance Updates

Camelot Withdraws Legal Action Over UK National Lottery Licence

Published

3 years ago

on


Reading Time: < 1 minute

 

Allwyn has announced that Camelot has dropped its legal challenge against the company, after the former was selected by the Gambling Commission to take over the UK National Lottery Licence.

When Allwyn was awarded the Fourth National Lottery Licence by the Gambling Commission in March, the incumbent Camelot immediately appealed the decision and pursued legal action against Allwyn and the Gambling Commission – which could have cost the UK Government £600m ($693m) in damages had it been successful.

However, Allwyn has now claimed Camelot has withdrawn its legal challenge, with Allywn waiving any costs incurred by Camelot during the legal process by also dropping its counterclaim.

It is now expected that Allwyn will begin the transition process to take over the National Lottery from Camelot, which has lost the rights it has held since the inception of the National Lottery in 1994.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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