the established lottery operator acquired by a Czech group

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After months of discussions, the Allwyn company, controlled by the Czech conglomerate KKCG, announced on Saturday 19 November that it had completed the purchase of British Camelot, which had run the national lottery for its nearly thirty years of existence. Britain’s Labor opposition has previously raised concerns about the Swiss company’s possible links to the Russian regime.

Czech lottery group Allwyn has pulled out the checkbook and shelled out about $110 million (about €106 million) to acquire Britain’s Camelot from the Canadian pension fund that owns it.

Last March, the UK Betting Commission granted Allwyn a license to operate the National Lottery from February 2024.

The operator had mentioned its project: to halve the price of the lottery ticket to £1 (just under €1.15), while doubling its charitable investments and buying new digital products. But Camelot, the incumbent, had launched a lawsuit against its eviction. The British Labor opposition was then concerned about possible links with the Russian regime.

Agreement with the Russian gas company Gazprom

Allwyn belongs to the Czech giant KKCG, founded by Karel Komarek, the second Czech fortune according to Forbes magazine. The group has activities in real estate, information technologies, but also in oil and gas, through its subsidiary, MND, present in Ukraine. MND had entered into an agreement in 2013 with the Russian gas giant Gazprom to build underground gas storage infrastructure in the Czech Republic.

The acquisition could be completed in the coming months, subject to regulatory approvals, and end legal wrangling.

(With AFP)


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