Allwyn completes Camelot Lottery Solutions Group acquisition
Czech firm finalises purchases of OTPP’s Camelot properties as it sets sights on UK National Lottery success
Allwyn has completed the acquisition of Camelot Lottery Solutions Group from the Ontario Teachers’ Pension Plan.
The Czech lottery giant confirmed the closing of the transaction in a short statement but did not disclose how much it had paid for Camelot.
Allwyn confirmed that Camelot Lottery Solutions Group, and the companies within the group, will now become wholly owned subsidiaries of Allwyn.
Allwyn also noted that there were no further planned changes to Camelot’s senior leadership team following a reshuffle in January.
After the UK Gambling Commission gave the deal to acquire Camelot UK the all clear, Camelot UK CEO Nigel Railton and chair Sir Hugh Robertson stepped away from the firm.
Railton has been replaced by Camelot chief financial officer Clare Swindell and commercial director Neil Brocklehurst, with the pair both becoming co-CEOs.
Sir Keith Mills, who led the bid for the fourth licence for Allwyn, will be appointed chair of Camelot.
Earlier this month, Allwyn secured €335m (£297m) of accordion loan facilities with a syndicate of international banks, including both new and existing lenders used by the operator.
The loan has been used to finance the latest acquisition, with capital also earmarked to be used for “general corporate purposes”.
Allwyn Group CEO Robert Chvátal sat down with EGR Intel to discuss Allwyn’s ambitions to breathe new life into the UK National Lottery.