Allwyn to acquire Camelot Lottery Solutions Group
The lottery operator agreed to acquire Camelot LS from Ontario Teachers’ Pension Plan Board.
Allwyn, operating lotteries in Austria, the Czech Republic, Greece, Cyprus and Italy, has acquired the Camelot Lottery Solutions Group, headquartered in Chicago. No changes are planned to the Camelot LS Group leadership team in connection with the transaction.
Camelot LS operates the Illinois Lottery under a private management agreement through its operating company, Camelot Illinois LLC, and partners with the Arkansas Scholarship Lottery to enhance its lottery operations. The group also provides products and services to lotteries and their players throughout Europe and North America.
Camelot LS Group Chief Executive Wayne Pickup said, “We remain committed to serving our customers, engaging players and growing lottery revenue to benefit the communities they serve. We work closely with the Department of Lottery to drive responsible and sustainable growth to maximize revenue for the State of Illinois.”
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.”
Pickup also said, “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.”
Upon completion of the transaction, the companies of the Camelot LS Group will become wholly owned subsidiaries of Allwyn. The transaction is anticipated to close in the first quarter of 2023, subject to satisfaction of customary closing conditions. The terms of the transaction were not disclosed.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
