IGT Sues UK Gambling Commission Over Lottery License Award
The technology firm IGT, which supplies Camelot, has initiated legal proceedings against the UK Gambling Commission regarding the granting of the national lottery license to Allwyn. IGT alleges that the Gambling Commission infringed upon its rights by awarding the license to Allwyn, resulting in reputational harm to IGT. The company is pursuing £600 million (equivalent to $717 million) in compensation.
This legal action represents the most recent chapter in a protracted dispute concerning the lottery license. Camelot, the prior license holder, had also contested the decision to bestow the license upon Allwyn. Nevertheless, Camelot withdrew its legal challenge subsequent to being acquired by Allwyn.
The national lottery constitutes a substantial source of revenue for charitable endeavors in the UK, having generated in excess of £46 billion since its inception in 1994.
Over the past twelve months, the lottery sector witnessed significant events, with Gambling Insider’s yearly report highlighting the protracted acquisition battle between Allwyn and Camelot. This captivating narrative held the attention of industry stakeholders, eagerly following each development.
