National Lottery Operating License: And The Winner Is…

During its 28-year tenure as operator of the National Lottery, Camelot has “outlasted five Prime Ministers” and fought off challenges such as Sir Richard Branson to retain the government’s lucrative contract, Rob Davies said The guard – but after a hotly contested bidding process, it was finally overthrown. The Gambling Commission has named Allwyn as its “preferred candidate” to lead the ten-year franchise from 2024. The company is part of Czech billionaire Karel Komárek’s KKCG empire, which has raised some concerns given the group’s ties to the Kremlin’s energy company Gazprom.

Komarek, 53, has pledged to end the KKCG/Gazprom partnership. Even so, his prize may not be in the bag, Oliver Gill said in The Daily Telegraph. Camelot is considering challenging the surprise decision in the High Court and potentially lifting the lid on a highly classified bidding process. Allwyn, which runs lotteries across Europe, was apparently impressed by “a vow to launch a digital investment frenzy,” halving the price of tickets and doubling the amount the lottery generates for good causes. It also brought together a host of supporting British business luminaries – including Air Miles inventor Sir Keith Mills, who worked closely with then-London Mayor Boris Johnson at the 2012 Olympics.

The UK hosts the fourth largest lottery in the world, which generated over $10 billion in revenue in 2020, Lex said in the FT. Hence the interest of a multitude of suitors, including Italian operator Sisal, which was recently bought by FTSE 100 gaming giant Flutter. Losing that deal could be deadly for Camelot, but it could prevail in court. Certainly “his odds of success are better than the 45 million to one odds that stand in the way of a jackpot win in the UK”. National Lottery Operating License: And The Winner Is…

Fry Electronics Team

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