The tech firm behind Camelot, IGT, is contesting the UK National Lottery’s choice to grant the upcoming lottery permit to Allwyn. Despite Camelot’s acquisition by Allwyn in November 2022, seemingly concluding the struggle for dominance, IGT is pursuing legal action against the Gambling Commission, alleging breaches under the European Convention on Human Rights.
They contend that the regulatory agency’s determination to bestow the fourth National Lottery license upon the Czech-held Allwyn conglomerate has tarnished IGT’s standing and resulted in lost business prospects. IGT, the provider of lottery terminals found in convenience stores, grocery stores, and gas stations, is seeking substantial monetary compensation – potentially reaching as high as £600 million (equivalent to $717 million). They assert that this financial setback will ultimately burden the National Lottery’s charitable endeavors.
This legal dispute follows previous lawsuits from both Camelot and IGT concerning the loss of the fourth license, initially slated to commence in February 2024. Although Camelot originally threatened separate legal recourse for damages if their appeal proved unsuccessful, they have since retracted that threat following their acquisition by Allwyn, which is supported by the Ontario Teachers’ Pension Plan.
This recent development in the narrative revolves around IGT’s assertion that their entitlements have been violated under Article 1 of the European Convention on Human Rights and the Human Rights Act. This turn of events introduces further intricacy to the UK National Lottery’s history, which has witnessed Camelot at its helm since its establishment in 1994 and has generated over £46 billion for 670,000 worthy beneficiaries throughout the UK.
In a heated year-end analysis aptly dubbed “GI Friday” (understand? Gambling Insider!), the publication delved into the Allwyn-Camelot affair. This wasn’t merely an industry squabble; this was *the* narrative on everyone’s lips, a genuine nail-biting spectacle that played out over several months.
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