Under the terms of the agreement, IGT (International Game Technology) will retain its role as the provider of the core lottery system for the National Lottery.
This development is a significant step as Allwyn, the new operator, prepares to take the reins of the National Lottery on February 1st.
Allwyn was awarded the fourth National Lottery license in September 2022, marking the end of Camelot’s longstanding stewardship of the lottery, which began in 1994.
IGT has expressed its commitment to supporting the operation of the National Lottery and working in collaboration with various other suppliers and Allwyn.
Jay Gendron, Chief Operations Officer for Global Lottery at IGT, expressed his satisfaction with the contract extension.
This news comes on the heels of IGT’s decision earlier this month to withdraw its legal challenge regarding the National Lottery license awarded to Allwyn.
Initially, IGT had pursued a claim for damages against Britain’s Gambling Commission. However, in July 2023, the Court of Appeal ruled that IGT did not have the legal standing to proceed with the claim.
IGT appealed this decision in September but has now asked the court to dismiss the appeal, signaling an end to its pursuit of damages.
Interestingly, Camelot, the previous operator of the National Lottery, had also considered legal action after losing the license bid to Allwyn.
However, in September 2022, Camelot decided to drop its legal challenge, leading to Allwyn’s decision to forgo any claims for costs or damages against Camelot.
Despite initial tensions between Camelot and Allwyn, relations have improved over the past year due to a series of acquisition deals.
These acquisitions have ensured that the legacy business of Camelot will be integrated into the larger Allwyn group.
In early 2023, Allwyn acquired Camelot UK, the existing National Lottery operator, and also obtained Camelot Lottery Solutions (now known as Allwyn North America), which has since been rebranded.
These acquisitions have had a substantial impact on Allwyn’s financial performance, with consolidated total revenue in Q3 surging by 98%, primarily driven by the dual acquisition of Camelot entities.