King Arthur’s Court has retracted its legal action, clearing the path for Allwyn Entertainment to assume control of the UK National Lottery. This ensures a seamless handover as Allwyn gets set to unveil its plans for the lottery in 2024.
Sazka, the parent company of Allwyn, is publicly traded on the New York Stock Exchange under the symbol “CRHC.” They conveyed their contentment with the resolution and their enthusiasm to proceed with the transition.
Although rival IGT maintains a legal dispute against the Gambling Commission, experts view Camelot’s retreat as a favorable indicator. Allwyn’s triumph in obtaining the fiercely contested UK National Lottery license is a testament to their proficiency.
CRHC is particularly optimistic about the prospects of the US lottery sector, projected to be valued at an astounding $100 billion. They believe Allwyn is strategically placed to vie for new lottery licenses in North America.
Excitement rippled through the industry as Allwyn, boasting a remarkable history in diverse lottery arenas, announced its bid for fresh lottery ventures. This encompasses the colossal, multi-billion dollar United States market. Previously recognized as the Sazka Group, this Czech Republic-headquartered enterprise primarily concentrated on internet gaming and lottery offerings. Nevertheless, under its rebranded identity, Allwyn, the firm has redirected its attention squarely towards the lottery domain. This calculated maneuver proved fruitful when they secured the sought-after UK National Lottery contract from Camelot, the operator since 1994. Considering the immense popularity of lotteries within the US, it’s unsurprising that Allwyn is aiming across the Atlantic. However, they will encounter formidable rivalry from established contenders such as IGT (Camelot’s UK collaborator) and Scientific Games.