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In what is a shock announcement The UK Gambling Commission has named Allwyn Entertainment as the \u201cpreferred applicant\u201d to run the UK National Lottery.<\/p>\nIn what is a shock announcement The UK Gambling Commission has named Allwyn Entertainment as the \u201cpreferred applicant\u201d to run the UK National Lottery.<\/p>\n
Many observers and indeed Allwyn themselves believed current incumbent Camelot who has run the nations lottery since its launch in 1994 was going to be named the preferred applicant.<\/p>\n
In fact Allwyn had already launched a high court challenge to the expected outcome.<\/p>\n
Allwyn is part of Czech billionaire Karel Komarek\u2019s gambling empire who runs multiple lotteries and gambling businesses in Europe. His wealth is estimated at nearly \u00a36 billion and was involved in gambling interests in Russia but has sold them off over recent years, he still does have an investment thou in Russian energy company Gazprom.<\/p>\n
Camelot have been named the \u201creserve candidate\u201d should Allwyn fail the fit and proper candidate to run the lottery. If it succeeds it will take over the lottery fully in 2024 for the next ten years.<\/p>\n
It has been reported that Camelot led the bidding in the points scoring system the UK Gambling Commission used in all areas except for projected returns to good causes.<\/p>\n
Andrew Rhodes, Gambling Commission Chief Executive Officer, said:<\/p>\n
\u201cIn its lifetime, the National Lottery has raised more than \u00a345 billion for good causes and is rightly seen\u202fas a great national asset.<\/p>\n
\u201cOur priority was to run a competition that would attract a strong field of candidates. Having received the most applications since 1994, it is clear that we’ve achieved just that.<\/p>\n
\u201cI am confident that the\u202fsuccess of the competition will lead to a\u202fhighly successful\u202ffourth licence\u202f\u2013 one that maximises returns to good causes, promotes innovation, delivers against our\u202fstatutory\u202fduties, and which ultimately protects the unique status of the National Lottery.<\/p>\n
\u201cWe look forward to working with all parties to ensure a smooth handover.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
In what is a shock announcement The UK Gambling Commission has named Allwyn Entertainment as the \u201cpreferred applicant\u201d to run the UK National Lottery. Many observers and indeed Allwyn themselves believed current incumbent Camelot who has run the nations lottery since its launch in 1994 was going to be named the preferred applicant. In fact […]<\/p>\n","protected":false},"author":4,"featured_media":39662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2,11,8],"tags":[],"class_list":["post-48955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","category-gaming","category-headlines","category-latest"],"yoast_head":"\n