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Allwyn Completes Acquisition of Camelot UK Lotteries Limited from Ontario Teachers’ Pension Plan Board

Published

2 years ago

February 7, 2023

Reading Time: < 1 minute

Allwyn AG, Europe’s leading lottery operator, 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.

Related Topics:Allwyn AG Camelot UK Lotteries Limited Ontario Teachers’ Pension Plan Board

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Niji Narayan

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.