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Allwyn to become new operator of Illinois Lottery after acquisition of Camelot LS Group
New UK lottery operator's reach extends to the US By Kate Northrop European company Allwyn Entertainment will become the Illinois Lottery's new operator after they announced their acquisition of Camelot LS Group in December. The Illinois Lottery will have a new operator following the loss of Camelot's license as the operator of the UK National Lottery and Allwyn's acquisition of said company. Currently, the Camelot Lottery Solutions Group (Camelot LS Group), operates the Illinois
Jan 3, 2023, 11:27 am - Lottery News

New UK National Lottery operator Allwyn acquires Camelot UK
Cease fire in battle over UK National Lottery license as Camelot inches closer to the end of its final term By Kate Northrop Allwyn AG, the UK National Lottery's new operator, announced its intentions on Friday to acquire Camelot UK Lotteries Limited, the Lottery's previous license holder. After a back-and-forth dispute between Camelot UK and Allwyn over the license to run the UK National Lottery, Allwyn came forward to publicly announce its acquisition of Camelot UK. In March, t
Nov 21, 2022, 12:35 pm - Lottery News

Scientific Games acquired for $6.05 billion
Brookfield Business Partners to take over lottery business By Kate Northrop On Wednesday, American gambling company Scientific Games Corporation announced the sale of its lottery business to Brookfield Business Partners L.P. for $6.05 billion. According to Scientific Games, the agreement consists of $5.825 billion in cash and an earn-out of up to $225 million based on the achievement of certain EBITDA targets in 2022 and 2023, or earnings before interest, taxes, depreciation, and amorti
Nov 1, 2021, 3:25 pm - Lottery News

One million dollars in a time of need for New Jersey couple
A New Jersey couple won a $1 million lottery prize just when they needed it most. Jackie and Rande from Long Branch are the winners of the March 31st Mega Millions $1,000,000 second-tier prize. The couple, who have been married for nearly 17 years, have faced some difficult challenges over the years. The worst of which was when their daughter lost her battle with Lupus, leaving them with three young grandchildren to raise. Their luck finally turned around on Friday, March 31st when their M
Jul 12, 2017, 9:25 am - Lottery News

GTECH takes half ownership of Chinese lottery firm
Providence, R.I.-based lottery technology company GTECH Global Services Corp., a wholly-owned subsidiary of Italy's Lottomatica S.p.A., has spent $20 million to acquire 50 percent of Tabcorp International Hong Kong Ltd. (TIHK), a Chinese lottery provider. That 50-percent portion of Tabcorp is being spun into a separate entity and renamed CLS-GTECH Co. Ltd. The new entity is being formed to expand a nationwide KENO system for lotteries throughout China, according to company officials. Tab
Dec 21, 2007, 1:56 pm - Lottery News

Opinion: Calif. Lottery should not rubber-stamp GTECH deal
As part of a major deal with 24 states, including California, an Italian company has purchased the United States firm that runs lotto and other online games for those states. The merger, where Lottomatica acquired GTECH, was finalized in August and expected to be completed by year's end. The agreement surprised and stunned state lawmakers. Not even the attorney general's office, which is supposed to defend the state lotto, was aware of it. The deal was orchestrated by the state lottery's act
Dec 11, 2006, 11:25 am - Lottery News

Backlash in Calif. over sale of lottery operator GTECH
As the new 2007-08 Legislature convened Monday, the backlash over an Italian firm's quiet takeover of California's lotto contractor grew when a second legislative committee said it would investigate. Assemblyman Alberto Torrico, a Newark Democrat who chairs the government organization committee in the lower house, said his panel is probing the matter and may convene hearings. I'm taking a look at the situation. I've read the press report. I've been briefed by my staff, said Torrico, whos
Dec 6, 2006, 9:57 am - Lottery News

Texas Lottery makes contingency plans for takeover
The Texas Lottery Commission began laying the groundwork Wednesday to take over the $95 million-a-year operation historically carried out by a private corporation in the event that the state is no longer satisfied with its work. Officials made clear that the prospect of the lottery severing its 14-year relationship with Rhode Island-based Gtech Corp. was highly remote. But they also expressed deep concerns over recent reports that the gaming giant, which is soon to be sold to the Italian f
Aug 18, 2006, 3:15 pm - Lottery News

Texas Lottery chairman OK with GTECH sale
The Texas Lottery Commission questioned the chief executive of lottery operator GTECH Corp. for more than three hours on Wednesday about accusations it used unsavory tactics to win or keep business in several countries, but the panel's chairman said he saw nothing unsuitable in the company's sale to an Italian firm. Investors feared a highly critical Texas Department of Public Safety report delivered to the commission last month could hinder GTECH's sale to Italian lottery operator Lottomatic
Aug 18, 2006, 2:15 pm - Lottery News

Florida lottery backs GTECH-Lottomatica deal
The Florida lottery has agreed to the planned takeover of U.S. lottery operator GTECH Holdings Corp by Italy's Lottomatica, Lottomatica said on Wednesday. Lottomatica plans to buy GTECH in a $5 billion deal that would create the world's biggest lottery operator. One of the deal conditions laid down by Lottomatica is that it would not lose GTECH's lottery operating concessions in the United States. Lottomatica said in a statement that GTECH had been informed of Florida's backing for the dea
Aug 16, 2006, 12:18 pm - Lottery News

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