IGT is the Italy-based partner of Camelot, the UK National Lottery license holder until 2024, which lost its fourth license offer to Allwyn last year.
After Camelot IGT Challenges the Regulator’s Decision
The Times reported that the legal battle surrounding the UK Gambling Commission’s decision to award the fourth national lottery license to Czech company Allwyn is in full swing. IGT filed a new lawsuit against the regulator under Article 1 of the European Convention on Human Rights (ECHR) just before the Christmas holidays, saying it had lost “marketable goodwill” due to the Commission’s decision. Should the Italian gaming tech provider win in court, it could be entitled to £ 600 million ($ 714 million) in compensation, which may have come from lottery money. This means that this amount can be withdrawn for charities that benefit from National Lottery funds. UK MPs reacted negatively to the news and slammed IGT.
Mansfield MP Ben Bradley accused the Italian company of seeking lottery funds to help good causes in some of Britain’s most vulnerable communities. European human rights legislation.
Camelot Was the First to Launch a Legal Challenge Against UKGC
The current operator vying for the fourth national lottery license, Camelot, was the first to bring legal claims against the UK Gambling Commission’s decision to award the new lottery license to another company. The Camelot lawsuit alleged inconsistencies in the valuation process. by the UK Gambling Commission. The regulator then replied that both the tender and the evaluation of the bids had been carried out fairly and lawfully. After a temporary suspension that did not allow the Commission to sign an agreement with Allwyn, a court ruled to lift the suspension. Camelot then appealed, and another ban was imposed.
Finally, Camelot announced that it was withdrawing its legal claims. That news was quickly followed by the announcement that Allwyn would take over Camelot for a reported £100m ($119m). The legal battle promptly turned into a win situation for both companies. Camelot, which had declared it could face bankruptcy following the loss of its National Lottery license, has been bailed out, while Allwyn can now strengthen its presence in the UK gambling market.
Members of Parliament, including Sally-Ann Hart and Ben Bradley, have already criticized IGT for its veiled attempt to salvage its business stability. They call the step unacceptable and also point to the apparent error. Should the legal challenge win, the UKGC would have to pay IGT £600m ($713.52m), the amount it seeks in damages. That money would come from the same fund that supports charities: the fund that IGT says is being compromised by giving Allwyn the lottery.