Camelot loses out on next lottery license

Camelot loses out on next lottery license

Camelot has reportedly lost out on its next license for The National Lottery.

The company has run the National Lottery since it was launched, Camelot has lost out on the next license.

The Gambling Commission has reportedly announced Allwyn Entertainment Ltd as its preferred applicant for the lottery’s next license,

The license remains currently however it has been licensed, which starts in 2024.

It said it had received the highest number of applications since its founding in 1994.

Camelot has been named as the “reserve applicant” after four firms applied.

The National Lottery is one of the world’s largest lotteries and has raised more than £45bn for 660,000 causes across the UK.

Allwyn is a UK-based subsidiary of Europe’s largest lottery operator Sazka.

Its board includes former members of the London 2012 Olympics organizing committee, Lord Coe, and entrepreneur Sir Keith Mills, who sit on its advisory board.

In a statement, Allwyn said its proposal was “judged to be the best way of growing returns to good causes by revitalizing the National Lottery safely and sustainably”.

“The appointment of Allwyn will breathe fresh life into the National Lottery,” it added.

Camelot chief executive Nigel Railton said: “I’m incredibly disappointed by today’s announcement, but we still have a critical job to do – as our current license runs until February 2024.

“We’re now carefully reviewing the Gambling Commission’s evaluation before deciding on our next steps.”

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Jack joined the Gi team in January 2022.