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Camelot is about to be stripped of its license to operate the National Lottery after 28 years

The Gambling Commission has designated rival Allwyn Entertainment as a ‘preferred applicant’ to enter the lottery after 28 years under Camelot control

There needs to be a winner in the draw this Saturday
The decision is expected to be confirmed later this year

National lottery operator Camelot will lose its lottery license after 28 years.

It happened when the Gambling Commission designated rival Allwyn Entertainment as a “preferred applicant” for the takeover.

The decision is expected to be confirmed later this year with the transfer to the new operator to be completed in 2024, it added.

Camelot, which bid for a fourth license, has been in charge of running the National Lottery since the game began in the UK in 1994.

In a statement released today, Chief Executive Officer Nigel Railton said he was “deeply disappointed” by the announcement.

“But we still have an important work to do – as our current permits are valid until February 2024,” he said.

“We are currently carefully reviewing the Gambling Commission’s assessment before deciding on our next steps.

“I am incredibly grateful to our more than 1,000 employees, who have consistently delivered record-breaking results during the current license period.”

Along with Allwyn, the other applicants are Sisal Spa, Camelot UK Lotaries Ltd and The New Lottery Company Ltd.

The Gambling Commission said in a statement: “The selection of Allwyn as the preferred candidate follows a fair, open and vigorous competition that has received four final-stage applications.

“This is the highest number of applications since the first national lottery license was awarded in 1994.

“Allwyn has committed to investing in the National Lottery, which is expected to drive growth and innovation across National Lottery products and channels, resulting in increased contributions to good causes, with participant protection and ownership.

“This milestone marks the first day of a legal stagnation period, which will last at least 10 days, followed by a 22-month transition to the fourth license.”

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https://www.mirror.co.uk/money/breaking-camelot-set-stripped-licence-25954061 Camelot is about to be stripped of its license to operate the National Lottery after 28 years

Fry Electronics Team

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