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By Ralph Trayfalgar, Updated:
As of Tuesday, the United Kingdom had selected Allwyn Entertainment as its preferred applicant to manage the National Lottery, which would take over from Camelot, who had had the gambling license since the game’s beginning in 1994.
Allwyn, which is owned by Czech billionaire Karel Komarek and was formerly known as Sazka Entertainment, will be granted a 10-year license that will expire in 2034. -7According to a statement issued by the Gambling Commission, “The selection of Allwyn as Preferred Applicant follows a fair, open and robust competition which received four applications at the final stage.”
The National Lottery was established in the United Kingdom in 1994 to run fundraising activities for various charities and national sports programs.
Camelot was given the first three licenses ever issued by the National Lottery since 1994, with the most recent one expiring in February 2024. The UK betting firm was also designated as the reserve application should Allwyn’s license application fall through.
As one of the largest lotteries in the world, the National Lottery has raised more than 45 billion pounds (C$75 billion) for over 660,000 charitable programs and created more than 6,300 new millionaires.
Allwyn said it was pleased with the decision, noting that their idea was determined to be the most effective method of increasing returns to charitable organisations while also revitalizing the National Lottery in a safe manner.
A statement from the company said of the announcement: “The appointment of Allwyn will breathe fresh life into the National Lottery. We will immediately work to deliver our comprehensive transition plan and look forward to transforming the National Lottery, making it better for everyone.”