{"id":203,"date":"2024-06-18T10:40:00","date_gmt":"2024-06-18T07:40:00","guid":{"rendered":"https:\/\/50nodepositbonuscasinoextreme.icu\/2024\/06\/18\/allwyn-in-talks-to-acquire-uk-lottery-rival-camelot\/"},"modified":"2024-06-20T17:10:37","modified_gmt":"2024-06-20T14:10:37","slug":"allwyn-in-talks-to-acquire-uk-lottery-rival-camelot","status":"publish","type":"post","link":"https:\/\/50nodepositbonuscasinoextreme.icu\/2024\/06\/18\/allwyn-in-talks-to-acquire-uk-lottery-rival-camelot\/","title":{"rendered":"Allwyn in Talks to Acquire UK Lottery Rival Camelot"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/I31OcRXT9wA\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>The prominent Austrian lottery company, Allwyn, has verified it is engaged in substantial negotiations to acquire its UK competitor, Camelot. <\/p>\n<p>Camelot, under the ownership of the Ontario Teachers\u2019 Pension Plan, is contemplating the sale of its UK branches to Allwyn. This development follows Allwyn\u2019s victory over Camelot earlier this year in securing the rights to manage the UK\u2019s National Lottery commencing in 2024. However, the handover has not been without its hurdles. Camelot, the departing operator, initially contested Allwyn\u2019s triumph in court but withdrew its legal action in September. <\/p>\n<p>Many assumed this marked the conclusion of the matter, but recent pronouncements from both Allwyn and OTTP regarding preliminary discussions indicate a new turn of events. <\/p>\n<p>Sky News has indicated that the two entities are exploring an agreement valued at a substantial \u00a3100 million (approximately $115 million). Should it materialize, this would grant Allwyn control of the UK National Lottery considerably earlier than projected.<\/p>\n<p>Although Allwyn has acknowledged the discussions concerning the acquisition of Camelot\u2019s UK enterprise, they remain reticent about the financial specifics. <\/p>\n<p>In an official statement, the company conveyed: \u201cOur mutual aim is to achieve an accord that serves the best interests of the National Lottery, its participants, and the charitable endeavors it sustains.\u201d It appears both parties are eager to underscore a seamless transition and their dedication to the worthy causes supported by the lottery. <\/p>\n<p>The news organization, Sky News, also stated that a successful acquisition would lead to Camelot abandoning its legal action.  Although Camelot retracted its opposition to Allwyn receiving the license in September, an additional complaint against the Gambling Commission is reportedly underway. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The prominent Austrian lottery company, Allwyn, has verified it is engaged in substantial negotiations to acquire its UK competitor, Camelot. Camelot, under the ownership of the Ontario Teachers\u2019 Pension Plan, is contemplating the sale of its UK branches to Allwyn. This development follows Allwyn\u2019s victory over Camelot earlier this year in securing the rights to [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lottery Shakeup: Is Allwyn About to Buy UK Rival Camelot?<\/title>\n<meta name=\"description\" content=\"Rumors are swirling! Is Austrian lottery giant Allwyn about to acquire its UK competitor Camelot? 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Find out what\" \/>\n<meta property=\"og:url\" content=\"https:\/\/50nodepositbonuscasinoextreme.icu\/2024\/06\/18\/allwyn-in-talks-to-acquire-uk-lottery-rival-camelot\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay Informed with Our Comprehensive Casino News &amp; Licensed Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T07:40:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:10:37+00:00\" \/>\n<meta name=\"author\" content=\"Addison &quot;Azalea&quot; Pearson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Addison &quot;Azalea&quot; Pearson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/50nodepositbonuscasinoextreme.icu\/2024\/06\/18\/allwyn-in-talks-to-acquire-uk-lottery-rival-camelot\/\",\"url\":\"https:\/\/50nodepositbonuscasinoextreme.icu\/2024\/06\/18\/allwyn-in-talks-to-acquire-uk-lottery-rival-camelot\/\",\"name\":\"Lottery Shakeup: Is Allwyn About to Buy UK Rival Camelot?\",\"isPartOf\":{\"@id\":\"https:\/\/50nodepositbonuscasinoextreme.icu\/#website\"},\"datePublished\":\"2024-06-18T07:40:00+00:00\",\"dateModified\":\"2024-06-20T14:10:37+00:00\",\"author\":{\"@id\":\"https:\/\/50nodepositbonuscasinoextreme.icu\/#\/schema\/person\/cee2a7834940b0e45883123791380e48\"},\"description\":\"Rumors are swirling! 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