Camelot will cease to exist if it loses National Lottery licence, it claims to High Court
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Camelot UK Ltd. is challenging the Gambling Commission's decision to give the fourth national lottery licence to Allwyn Entertainment. The company is based in the Czech Republic, Austria, Italy, Greece and Cyprus. It is Europe's largest lottery operator and has already fought off three competitors to operate the draw. The High Court will hear the case in two days. If the ban is lifted, Allyn Entertainment can go ahead with its plan to take over the lottery by February 2024. Two other companies have also filed claims against the commission. They are Camelot Global and IGT, who provide the technology for the National Lottery licence.
Camelot has been running the National Lottery for 28 years. It has a 28-year hold on the lottery. The lottery has attracted a lot of attention and money. Camelot's business model has come under criticism. It is criticised for its focus on app-based games and increasing profits. Its licence was renewed or extended four times until 2024. In 2018, it was criticised over falling amount of money raised for good causes. A National Audit Office report found that its profits had risen by 122% over seven years while returns to good cause only grew by 2%.
