Camelot Go To Court This Week To Save Its Business

Camelot the current operator of the UK lottery will go to court this Wednesday in an attempt to block the process of the UK Gambling Commission handing over the license to run the lottery to its preferred bidder Allwyn Entertainment.

In a hearing in court which will last two days on what is called a “balance of convenience” to decide if the UK regulator can hand over the license to Allwyn or if Camelot have grounds to slow the process. The new lottery operator is scheduled to take over the running of the lottery in 2024.

Should Camelot win the hearing by judges it will seriously impede the process of an orderly handover and Camelot would then ask for a two year extension of the license while legal arguments are held.

However if Camelot fail this week they could demand a £500 million compensation deal which could come from the good causes fund that the lottery gives out to charities.

But if Camelot fail this week it could spell the end for them in their battle to retain the license. However it is expected that legal arguments could last until October and beyond this year as both Camelot’s supplier of technology IGT and also competing lottery bidder billionaire businessman Richard Desmond and his New Lottery Company are also appealing the decision.

It was certain that whatever the UK regulators decision was it was destined for the courts and most likely if legal disputed continue an extension to the current lottery operator would have to be given as challenges could last years.