Richard Desmond’s Northern & Shell back in the black after £100m loss Business Richard Desmond's Northern & Shell group surged back into the black after losing more than £100m in 2022.
Allwyn takes over National Lottery today after ‘legal issues’ delayed promises Gambling Allwyn is set to take over as the National Lottery operator today, marking the first time the licence has changed hands in thirty years.
Andria Vidler to lead Allwyn UK as it gears up to operate the National Lottery Vidler takesover Allwyn Lottery operator Allwyn UK has announced the appointment of Andria Vidler as its new boss, as it prepares to take over operation of the National Lottery. Vidler will spearhead Allwyn’s operation of the National Lottery starting in February 2024, as it focuses on maximising funds generated for its giving-back initiative ‘Good Causes’ during its 10-year [...]
Mega Millions jackpot: Single US lottery ticket holder bags £1.1bn to end three months of rollover January 14, 2023 A single ticketholder has matched all six numbers to win an estimated 1.35 billion dollars (£1.1 billion) in the US Mega Millions lottery. After three months of draws which failed to produce a winner, the winning numbers were: 30, 43, 45, 46, 61 and gold Mega Ball 14. The front page of the Mega Millions [...]
Revenue climbs for incoming National Lottery operator Allwyn as it scoops up Camelot November 29, 2022 Incoming National Lottery operator Allwyn said revenue continued to climb steadily in the third quarter as the gambling giant gears up to takeover the lucrative government licence. Allwyn said revenue jumped 11 per cent in the recent quarter to €958.6m, whilst consolidated adjusted EBITDA was up 10 per cent to €319.9m. In September, the Czech based [...]
Allwyn snaps up rival Camelot as it gears up for National Lottery takeover November 19, 2022 Allwyn will snap up the current operator of the National Lottery Camelot UK as the Czech firm gears up to takeover the licence in 2024. Earlier this year, the Gambling Commission awarded Allwyn the licence to operate the National Lottery from 1 February 2024. Camelot, which is owned by Ontario Teachers’ Pension Plan Board, initially [...]
Allwyn still not quite at National Lottery jackpot September 6, 2022 DESPITE Camelot confirming that it would be withdrawing its legal challenge against Allwyn over the National Lottery licence, there remains one last obstacle between the Czech firm and the jackpot contract: IGT. While the Gambling Commission acknowledged Camelot’s decision, the regulator said it wasn’t aware of changes to technology firm IGT’s position. IGT, which provides [...]
Camelot’s National Lottery legal battle could drain £1bn from good causes September 4, 2022 Legal action could drain over a £1bn from the National Lottery good causes fund as the battle comes to head this month.
Allwyn’s lottery projections deemed ‘implausible’ as Camelot eyes appeal July 4, 2022 Independent evaluators of the Allwyn's winning National Lottery bid have called its revenue projections “implausible” and carrying “a high degree of risk”, as the legal battle seems likely to drag on for the lucrative contract.
Outgoing lottery operator Camelot faced with falling ticket sales and Brits ‘tightening their belts’ June 28, 2022 Falling sales of tickets and instant win games amid signs that players had “tightened their belts” in the face of soaring costs are hitting outgoing UK National Lottery operator Camelot hard. Camelot, which recently launched legal action against the Gambling Commission after losing the lottery’s next licence to rival Allwyn, saw sales drop 3 per [...]