Europe’s leading lottery operator, Olwyn AG, has agreed with the Ontario Teachers’ Pension Plan Board to acquire 100% of shares in Camelot UK Lottery Limited, a licensed operator of the British National Lottery.
Under the agreement, Camelot British Lottery Limited, the current operator of the National Lottery, which was owned by the Canadian Independent Organization responsible for managing defined-benefit pensions for Ontario school teachers, will now be a 100% owned vertical company of renowned European lottery operator Olwyn.
3rd consecutive Camelot UK lottery licence valid until January 2024. However, Olwyn will begin taking over the Company under the terms of the agreement to terminate the acquisition in Q1 2023, subject to the Gambling Commission and other regulatory procedures and approvals.
In September 2022, the Gambling Commission awarded Olwyn Entertainment Ltd a license to operate the National Lottery. The license agreement shall come into effect on February 1, 2024, with the expiration of Camelot’s license. Meanwhile, Camelot operates separately under a licensing agreement. In fact, if Olwin owns Camelot, he will be able to smoothly transition and immediately take over the National Lottery operation from February 2024.
Smooth transition: 온라인경마
The Camelot license currently in effect is called the third license and expires on January 31, 2024, and will be replaced by Allwin’s fourth license from February 1, 2024, without disrupting the operation of the National Lottery.
Robert Chvátal, CEO of Allwin AG, is excited about the acquisition. “We are delighted to have the opportunity to acquire the operator of the current UK National Lottery Third License. Olwyn and Camelot share a common goal: a passion to protect and improve the British National Lottery and a good reason why it celebrates. The joint ownership of operators of third and fourth licenses will help ensure successful deliveries of the National Lottery both in 2023 and over the next decade.”
Chvatal is confident that this acquisition will increase operational levels. “Allwin is committed to making the National Lottery better, raising more money for good causes, and improving player protection. The contract strengthens the transition process and helps Allwin achieve his vision for the National Lottery.”
Nick Jansa, executive director of Europe, Middle East, and Africa at Ontario Teachers, said, “We are proud to have been a strong supporter and partner in the National Lottery for the past 12 years. In the meantime, under Camelot’s management, the National Lottery has raised more than £20 billion for good causes and has supported thousands of organizations across the UK.”