Camelot has dropped its appeal against a legal ruling over the handover of its licence to operate the UK’s national lottery to its rival Allwyn.
Camelot, which has run the national lottery since it was launched in 1994, said it had withdrawn its legal challenge that would have resulted in it going to the court of appeal next week. It added that it would “now cooperate with Allwyn and the Gambling Commission to facilitate an orderly transition to the fourth licence”.
This means that Allwyn, owned by the billionaire Czech entrepreneur Karel Komárek, who made his fortune in sectors including oil and gas, moves a step closer to running the lottery from February 2024.
Camelot decided not to proceed with the appeal after it emerged that more than £1bn for good causes could be lost over its legal action if it delayed the handover of the £6.4bn contract, as reported by the Observer. » | Julia Kollewe | Tuesday, September 6, 2022
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