Home NewsCasino IGT extends supply agreement with UK National Lottery

IGT extends supply agreement with UK National Lottery

197 views 2 minutes read

International Game Technology has extended its contract as a supplier with the UK National Lottery ahead of Allwyn’s takeover of the lottery in the next month.

IGT continues to provide the National Lottery with its core system under the agreement.

Allwyn, which was awarded its fourth National Lottery license in September 2022, will assume control over the lottery at the beginning of February. Camelot will no longer operate the lottery, as it has done since 1994.

IGT’s contract extension was part of Allwyn’s transformation program for the lottery, according to IGT.

Jay Gendron said, “We’re pleased to continue supporting the National Lottery and working with a variety of other suppliers, including Allwyn.” Gendron is the chief operations officer of global lottery for IGT.

IGT withdraws legal action over National Lottery license

IGT retracted its lawsuit against the awarding of Allwyn’s lottery license earlier this month.

IGT filed a lawsuit for damages against the British Gambling Commission. In July 2023, the Court of Appeal ruled that IGT lacked legal standing to make the claim.

This month, IGT asked for the dismissal of the appeal. IGT has decided to drop the claim for damages.

Camelot also sought a similar challenge to the awarding of the license to a competitor business. The company bid alongside Allwyn and The New Lottery Company owned by Health Lottery Operator Northern and Shell and Italy’s Sisal.

Camelot, however, dropped its bid for legal representation in September 2022. Allwyn agreed to waive any claims against Camelot for damages or costs.

Camelot Legacy to continue after Allwyn Acquisition

After several acquisitions, tensions between Camelot & Allwyn have significantly reduced over the last 12 months. The acquisitions ensure that the legacy Camelot businesses will be part of an enlarged Allwyn Group.

Allwyn purchased Camelot UK in February 2023, the current operator of National Lottery. The company also purchased US-facing Camelot Lottery Solutions, which is now known as Allwyn North America.

Allwyn’s H1 and Q3 earnings have already reflected the effects of the two acquisitions. During the Q3, the consolidated revenue total was 98% higher, largely due to the acquisition of Camelot.

You may also like

About Us

On iGamingWorld, we provide in-depth analysis, the latest news and opinions from famous people of the gaming industry.

Featured Posts