Billionaire Czech tycoon's gambling firm WILL take over National Lottery
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Allwyn Entertainment will take over the National Lottery from February 2024. The company has pledged to double charitable donations to £38billion over next decade and slash ticket prices to just £1. Its owner, oil tycoon Karel Komarek, 53, has previously faced scrutiny over his links with Russian-state energy giant Gazprom. His company MND formed a joint venture with Gaz Prom to build an underground gas storage facility in his home country.
Karel Komarek's company Allwyn has been chosen as the preferred partner of the National Lottery. The company will take over the lucrative licence from 2024. Komarkek is a billionaire oil and gas tycoon who started his business in the 1980s. He has four children and owns homes across Europe and America. His company has bought stakes in lotteries in Austria, Italy, Greece and Cyprus. It has pledged to double charitable donations to £38billion over next decade. He was accused of corruption in 2002 by Scottish oil company Ramco.
Camelot has been running the National Lottery for 28 years. It has attracted a lot of attention and money. Its profits rose by 122% over 7 years, but returns to good causes only grew by 2%. MPs have criticised its move towards app-based games and reducing the amount of money raised for good cause. The game shows have not featured since 2017. The lottery was criticised over falling amount raised by good reasons. They also criticised the use of scratchcards and instant win games. Czech tycoon's gambling firm will take over the lottery.
