Tag Archives: National Lottery

Bet-at-home UK licence suspended as Commission undertakes review

SBC News Bet-at-home UK licence suspended as Commission undertakes review

The UK Gambling Commission (UKGC) has launched a review of Bet-at-home’s UK operations, suspending the firm’s licence whilst doing so. Making the announcement this morning, the UK national regulator revealed that the German operator – which maintains offices in Malta and Gibraltar – may have been operating contrary to the conditions of the 2005 Gambling Act. Specifically, the UKGC detailed …

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DCMS stands firm against Camelot’s £600m pursuit of National Lottery damages

SBC News DCMS stands firm against Camelot's £600m pursuit of National Lottery damages

Camelot UK’s High Court challenge of the Fourth National Lottery Licence Competition could cost the UK government £600m in damages – should the lawsuit deem the competition as an unfair outcome.  The operating steward of the National Lottery since its 1994 inception, Camelot refuses to accept the ruling of the UK Gambling Commission (UKGC) to award its next 10-year operating …

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Winning Post: Knight rides the Rambling Rhodes

SBC News Winning Post: Knight rides the Rambling Rhodes

Regulus Partners reports that Gambling Commission Chief Executive Andrew Rhodes was ambushed by Julian Knight MP on questions related to mandatory affordability checks,  a subject that gambling stakeholders require transparency on the review’s pending technical reforms.  The Gambling Commission found itself under fire once again this week as its chief executive, Andrew Rhodes appeared before the Culture, Media and Sport …

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Camelot keeps faith in ‘strong legal case’ despite High Court ruling

SBC News Camelot keeps faith in ‘strong legal case’ despite High Court ruling

Following yesterday’s decision by the High Court of England and Wales ruling in favour of the UK Gambling Commission (UKGC), Camelot has stated that it will ‘consider its next steps’. Issuing a statement this morning, the group stated it remained confident in its legal case regarding the UKGC’s decision to award the next National Lottery licence to Czech multinational lottery operator Allwyn …

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UKGC: Allwyn allowed to proceed with National Lottery transfer 

Martin Novák to lead Allwyn UK data strategy for National Lottery licence

 The UK Gambling Commission (UKGC) has been allowed to proceed with awarding the National Lottery’s operating contract to Allwyn Entertainment UK. In May, Camelot UK – the incumbent operating firm of the National Lottery – had filed a High Court lawsuit against the UKGC awarding the Fourth National Lottery licence to Allwyn – which had been chosen as the ‘Preferred …

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Allwyn nets 63% pan-European revenue growth as leadership monitors macro headwinds

Robert Chvátal, Allwyn CEO

Allwyn International (formerly SAZKA Group) has detailed ‘strong and stable’ growth across its European operations, as the recommended UK National Lottery steward records total GGR of €869.3m. Representing a 63% increase on Q1 2021 earnings of €526.3m, the rebranded firm‘s GGR was coupled with a 89% growth rate for NGR to €534.4m (€283m), alongside a rise in Adjusted EBITDA of …

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Allwyn SPAC merger faces slight delay in light of NYSE downturn

SBC News Allwyn SPAC merger faces slight delay in light of NYSE downturn

Dealmakers of Allwyn Group’s agreed SPAC merger with Cohn Robbins Holdings Corp (CRHC) have signalled that lottery conglomerate listing on NYSE will be temporarily delayed.  The transaction that was expected to be finalised during Q2, has been put back due to US stocks plummeting, amid fears of a pending global recession. The Times reports that “the transaction will now not …

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UKGC seeks guarantee on National Lottery transfer duties irrespective of Camelot challenge

SBC News UKGC seeks guarantee on National Lottery transfer duties irrespective of Camelot challenge

The UK Gambling Commission (UKGC) has raised concerns that Camelot Group‘s legal challenge of the Fourth National Lottery Competition may delay the handover of the National Lottery’s operating contract to Allwyn UK. The concern was raised by UKGC executive John Tanner in his submission to the High Court of England and Wales, as Camelot seeks to overturn the appointment of …

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Camelot claims National Lottery loss will render business obsolete

SBC News Camelot claims National Lottery loss will render business obsolete

Camelot’s case in the High Court continued this week, with the National Lottery operator maintaining its protests about the future direction of the contract.  A representative for the company reportedly informed the High Court that it would ‘cease to exist’ should the next ten-year licence for the National Lottery be awarded to Czech firm Allwyn.  Following a lengthy licence tender, …

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UKGC: National Lottery good causes funds fall 11% in latest quarter

SBC News UKGC: National Lottery good causes funds fall 11% in latest quarter

The UK Gambling Commission (UKGC) has revealed that the National Lottery’s Good Causes funding in Q4 fell in comparison to the previous quarter and last year.  Publishing an update on its website, the Commission showed that the total raised for good causes in Q4 (January-March 2022), was £491.3 million. This represented a decline of 3.4% from the previous quarter and …

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