Ontario Teachers’ Pension Plan Board completes sale of Camelot LS to Allwyn

OTPP relinquishes 13-year ownership of group

Global lottery operator Allwyn has officially completed its acquisition of the Camelot Lottery Solutions (Camelot LS) group of companies from the Ontario Teachers’ Pension Plan Board.

The agreement to trade the companies was made public last December but finalisation of the deal finally came through today, Mar. 6.

The companies of the Camelot LS Group will now become wholly-owned subsidiaries of Allwyn, which has confirmed that no changes are currently planned to the Camelot LS Group leadership team following the change in ownership, and that ‘the business will continue to enhance the performance of the lotteries it supports’.

This latest news follows the sale of Camelot UK to Allwyn last month after the Canadian pension fund received regulatory approval from the UK Gambling Commission (UKGC) in January to sell the operator.

The Ontario Teachers’ Pension Plan Board acquired Camelot in 2010 for a fee in the region of $634m but, 13 years later, has relinquished all control and ownership of the group to the next operator of the UK National Lottery, Allwyn.

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