Camelot Ends Legal Battle, Paving the Way for Allwyn’s National Lottery Takeover
King Arthur’s namesake company has abandoned its lawsuit against Allwyn regarding the UK National Lottery permit.
Following the UK Gambling Commission’s selection of Allwyn to assume control of the UK National Lottery, Camelot declared it has halted its legal proceedings.
Camelot originally disputed the Gambling Commission’s determination to grant Allwyn the lottery’s fourth license in March. They filed suit against both Allwyn and the Commission, in a legal battle that could have cost the UK government £600m ($693m) in compensation.
Nevertheless, Allwyn states that Camelot has now retracted its legal challenge. Allwyn has also discontinued its countersuit, with the exception of recouping any expenses accrued during legal actions.
This clears the path for Allwyn to commence the process of taking charge of the National Lottery. Camelot, the lottery’s operator since its beginning in 1994, will now forfeit the license.
The permit, projected to be valued at £8 billion over a decade, has been the center of legal disputes previously. In 2012, Camelot initially lost its bid to maintain operation of the UK National Lottery when Virgin Group was declared the favored applicant for the third National Lottery license. However, Camelot’s legal objections led to Virgin Group’s withdrawal, and Camelot retained the license in a subsequent selection process.
Allwyn held firm, compelling Camelot to withdraw their legal challenge upon recognizing that Allwyn wouldn’t be bullied in the manner of Virgin.
The complete account can be found within the May edition of *Casino Insider*.
