Cohn Robbins Holdings has hailed its partners at Allwyn after a significant hurdle was removed in the Czech-based firm’s quest to become the next operator of the UK National Lottery.
It was announced on Monday, September 6, that current incumbents Camelot had dropped its appeal against the UK Gambling Commission’s decision to award the fourth UK National Lottery licence to Allwyn.
Allwyn is set to officially take over operations in February 2024, and the company will now work with Camelot during the transition period to ensure the handover is a smooth one.
Cohn Robbins Holdings was quick to congratulate Allwyn in March when the Czech operator was named as the preferred applicant for the fourth National Lottery licence, and following this latest development, the group has again taken the opportunity to praise its partner.
Pertinently, the proposed merger between Cohn Robbins Holdings and Allwyn is progressing after the latter’s registration statement was declared effective by the US Securities and Exchange Commission (SEC) last month.
Cohn Robbins Holdings stated: “As partners of Allwyn in our proposed business combination, Cohn Robbins shares Allwyn’s excitement concerning the UK National Lottery.
“Allwyn’s selection as the preferred applicant to operate Europe’s largest lottery, after one of the most competitive lottery licence tenders ever conducted, is a tribute to the strength and track record of the Allwyn team.
“We are also excited that Allwyn will be competing for new lottery tenders – including in the $100bn US market – with the credential of having successfully operated lotteries in multiple geographies.”