Allwyn completes acquisition of Camelot’s US business
Allwyn has completed its acquisition of US-facing business Camelot Lottery Solutions’ unit of companies from the Ontario Teachers’ Pension Plan Board.
The acquisition means that the companies included within Camelot Lottery Solutions have become wholly-owned subsidiaries of Allwyn.
Allwyn said that there are no planned changes to Camelot Lottery Solution’s leadership team, and the business will continue as normal.
The acquisition was finalised in January. The financial terms of the deal were never disclosed.
Camelot Lottery Solutions is the operator of the Illinois Lottery, through a private management agreement conducted through its Camelot Illinois LLC company.
When Allwyn first agreed to acquire Camelot Lottery Solutions, chief executive Robert Chvátal said that the deal signified the importance of the US market.
“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,” Chvátal had said.
At the time, Wayne Pickup, chief executive of Camelot Lottery Solutions Groupsaid that the acquisition would be beneficial to the Group’s operations in 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.”
In October 2022, Allwyn announced that is was in discussions to acquire Camelot UK Lotteries, the current operator of the UK National Lottery. An agreement was reached the following month.
Allwyn is set to replace Camelot as the operator of the UK National Lottery on 1 February 2024. Allwyn was awarded the fourth UK National Lottery licence in September 2022.
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