Camelot LS Group to be acquired by European lottery operator Allwyn
Europe’s lottery operator Allwyn will acquire the Camelot Lottery Solutions Group (Camelot LS Group), an affiliate of Camelot UK Lotteries, from the Ontario Teachers’ Pension Plan Board for an undisclosed amount.
The Chicago-headquartered Camelot LS Group, through its operating company Camelot Illinois, runs the Illinois Lottery under a private management agreement and partners with the Arkansas Scholarship Lottery to improve its lottery operations.
The group also owns a technology arm to offer products and services to lotteries and their players throughout Europe and North America.
Wayne Pickup — Camelot LS Group Chief Executive said: “We remain committed to serving our customers, engaging players and growing lottery revenue to benefit the communities they serve.
“As the private manager of the Illinois Lottery, we work closely with the Department of Lottery to drive responsible and sustainable growth to maximize revenue for the State of Illinois.
“Combining the resources, expertise, and talent of Allwyn and Camelot LS Group will only strengthen the results we help the State of Illinois and all our customers achieve.”
Camelot LS Group to be acquired by European lottery operator Allwyn. Photo courtesy of Rudy and Peter Skitterians from Pixabay.
The companies of the Camelot LS Group will become wholly owned subsidiaries of Allwyn, post-closing.
Robert Chvátal — Allwyn CEO said: “We have always viewed the US market as an important part of Allwyn’s future growth story, and the acquisition of Camelot LS Group, is the right step.
“Allwyn’s goal is building better lotteries, and helping them raise more for good causes, through innovation, technology, efficiency and safety in our quest for enhanced player engagement.
“Both Allwyn and Camelot share a passion about the lottery business, delivering value to our customers, and growing lottery returns to communities.”
Subject to customary closing conditions, the deal is anticipated to close in the first quarter of 2023.
Allwyn, which operates lotteries in Austria, the Czech Republic, Greece and Cyprus and Italy, is set to become the operator of the UK National Lottery from February 2024 after a successful tender outcome.