Having first been announced back in November of 2022, this acquisition has since been under review by the United Kingdom’s Gambling Commission. Recently, the regulator greenlit the contract, which will aid in Allwyn’s transition to running the country’s national lottery in 2024, the preparations for which have been underway since its announcement.
The authorization of our purchase of Camelot marks a significant step towards our scheduled operation of the National Lottery starting in 2024. This deal will help us transition to running the lottery smoothly, and will also have the benefit of combining the knowledge and skill of both corporations. We are excited to have Camelot as a part of our group.
stated the interim CEO of Allwyn’s UK division and the CEO of Allwyn Group, Robert Chvatal.
As part of this acquisition, there will be a number of higher managerial shakeups at Camelot which will all take effect on the completion of the contract. The firm’s commercial director and CFO, Neil Brocklehurst and Clare Swindell, will become its co-CEOs until Allwyn’s official takeover of the UK’s National Lottery in January of 2024. Additionally, Camelot’s current CEO, Nigel Railton, will be leaving the company’s board of directors. Its chairman, Sir Hugh Robertson, will be following in Railton’s footsteps.