LONDON, United Kingdom and LUCERNE, Switzerland – 5 February 2023 - Allwyn AG (“Allwyn” or the “Company”), Europe’s leading lottery operator, today 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.
ENDS
Media inquiries
Kerry Parkin, Allwyn
Paul Durman, Brunswick
[email protected] or: +44 7793 522824
About Allwyn
Allwyn is a leading multi-national lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands across Europe in Austria, Czech Republic, Greece and Cyprus, and Italy. Following a successful tender process in 2022, the UK subsidiary of Allwyn was awarded the licence to operate The National Lottery under the Fourth Licence, which runs from 1 February 2024.
Forward-Looking Statements
This announcement may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operations, financial condition, liquidity, prospects, growth, strategies, pending acquisitions or other transactions (including regarding the anticipated benefits of the acquisition of Camelot and its integration into the Allwyn group), financing plans and the industries in which we operate. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as “may,” “could,” “should,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “assume,” “believe,” “plan,” “seek,” “continue,” “target,” “goal,” “would” or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the annual report published by Allwyn International a.s. and other documents we publish on our website. Most of these factors are outside our control and are difficult to predict.
We do not undertake any obligation to review, update or confirm expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this document.
