Sky News has in recent days revealed rumors about the fact that Allwyn was to begin negotiations with Ontario Teachers’ Pension Plan (OTPP), the current owner of Camelot UK, for a purchase of approximately €117m.
The same sources said an agreement could be reached within weeks and, accordingly, Allwyn could take ownership of all Camelot’s UK operations, including its existing rights to operate the National Lottery until February 2024, when Allwyn will take over.
Alwyn confirmed the deal but added that any deal would be subject to regulatory approvals.
“In response to speculation, we can confirm that Allwyn is in advanced discussions with OTPP which could lead to the purchase of Camelot’s UK operations.” If an agreement is reached, it will be subject to regulatory approvals.
“Our common goal is to achieve an agreement that serves the best interests of the many stakeholders of the National Lottery, especially the good causes that support it, as well as the staff of Camelot and Alwyn UK.”
Alwyn was officially awarded the UK’s fourth National Lottery license last month, officially ending Camelot’s 28-year tenure as operator.
