Allwyn, an international lottery company, is increasing its presence in the U.S. by purchasing Camelot Lottery Solutions Group. Headquartered in Chicago, Camelot LS Group is renowned for its administration of the Illinois Lottery via a private management contract. This procurement will not result in any immediate alterations to Camelot LS Group’s executive team. Wayne Pickup, the present Chief Executive Officer, stressed their dedication to assisting patrons, involving participants, and ultimately boosting income to benefit the areas where they function. He feels the unified assets of Allwyn and Camelot LS Group will improve their capacity to reach these objectives in Illinois and elsewhere.
Upon finalization of the agreement, Camelot LS Group will transition into a fully owned entity under the Allwyn corporate structure. The purchase, projected to conclude in the initial quarter of 2023, hinges on customary closing prerequisites.
Robert Chvátal, Chief Executive Officer of Allwyn, conveyed the company’s perspective on the United States market as a pivotal component of their forthcoming expansion plan, indicating that the procurement of Camelot LS Group represents a stride in the intended course.
He underscored Allwyn’s dedication to elevating lotteries through ingenuity, technological advancements, operational effectiveness, and robust security measures. Their objective is to amplify player involvement and optimize fundraising endeavors for charitable initiatives. Both Allwyn and Camelot possess a shared enthusiasm for the lottery sector and are devoted to providing value to patrons while augmenting lottery revenues that benefit local communities.
This strategic maneuver follows Allwyn’s successful acquisition of the operational permit for the United Kingdom’s National Lottery in March 2022, assuming control from Camelot subsequent to their 28-year tenure.