As we regularly inform on the activities on the UK Gambling Commision, lastly we wrote about a few fines it has given to companies. For instance, last week we shared the news that the UKGC fined two online casinos. However, this time there is better news and it is related to the National Lottery.
Allwyn Entertainment Ltd. becomes a Preferred Applicant for the fourth National Lottery
Allwyn Entertainment Ltd. was named as Preferred Applicant for the fourth National Lottery licence by the UK Gambling Commission, as the current third licence is about to expire in 2024.
Being one of the largest lotteries in the world, the UK National Lottery has started in 1994 and since then £45 billion have been raised for 660,000 good causes across the UK. This money has contributed to the arts, sport, heritage and communities.
According to the UKGC, after a fair and open competition which lead to four applicants in the final stage, Allwyn was selected as Preferred Applicant. The chosen candidate has committed to delivering growth and innovation in the Lottery’s products and channels. In addition, it has been agreed that all of that should contribute to good causes.
The other three applicants were Sisal Spa, Camelot UK Lotteries Ltd and The New Lottery Company Ltd. where Camelot UK Lotteries Ltd was named the Reserve Applicant.
The choosing of the candidate is the first day of the legal standstill period which lasts 10 days and afterwards, there will be a 22-month transition period towards the fourth licence.
Record number of candidates for the lottery this year
Andrew Rhodes which is the UKGC Chief Executive Officer said in its lifetime the National Lottery has raised more than £45 billion for good causes which are seen as a great national asset.
“Our priority was to run a competition that would attract a strong field of candidates. Having received the most applications since 1994, it is clear that we've achieved just that,” he commented.
As the UKGC informed he said they look forward to working with all parties to ensure a smooth handover.
The UK Gambling Commission Executive Director and Senior Responsible Owner for the competition John Tanner said:
“The Commission is grateful to all four applicants for their engagement in the competition. We were impressed by the overall standard of applications, including the range and quality of innovation proposed, and the high level of confidence and ambition demonstrated for the prospects of the National Lottery under the fourth licence.”