IGT Extends Supplier Contract with UK National Lottery Amidst Allwyn Transition

A momentous shift is underway in the realm of the UK National Lottery as International Game Technology (IGT) cements its role as a key player.

Amidst the impending takeover by Allwyn, IGT has secured an extended supplier contract to continue providing the core lottery system. Join us as we delve into the details of this significant development and explore how it fits into the larger landscape of lottery operations during a time of transition.

A Continued Partnership: IGT and the UK National Lottery

In a strategic move that underscores its commitment to the UK National Lottery, IGT has secured an extended supplier contract. This deal ensures that IGT will continue to supply the critical core lottery system, setting the stage for a seamless transition as Allwyn prepares to take the reins on February 1st, marking a historic shift from Camelot’s long-standing stewardship since 1994.

IGT’s contract extension is closely aligned with Allwyn’s ambitious transformation program for the National Lottery. The partnership between IGT, Allwyn, and other key suppliers is poised to play a pivotal role in reshaping the future of this iconic institution.

Jay Gendron, Chief Operations Officer for Global Lottery at IGT, expressed their enthusiasm, stating, “We are pleased to continue to support the operation of the National Lottery, working alongside a range of other suppliers and Allwyn.” This declaration reinforces IGT’s dedication to the National Lottery’s ongoing success.

Resolving Legal Challenges: A Turning Point

This contract extension comes on the heels of IGT’s significant decision earlier this month to withdraw its legal challenge over Allwyn’s award of the lottery license. IGT had been pursuing a claim for damages against the UK’s Gambling Commission, but their challenge faced a setback in July 2023 when the Court of Appeal ruled against their legal standing.

IGT appealed this ruling in September but has since asked the Court to dismiss the appeal, marking the end of their pursuit of damages. This resolution brings clarity and closure to a chapter of legal disputes surrounding the National Lottery’s transition.

The Legacy Continues: Allwyn’s Acquisitions

While the transition from Camelot to Allwyn initially raised concerns and legal challenges, the past year has witnessed a remarkable transformation in their relationship. Several strategic acquisition deals have played a pivotal role in reducing friction and ensuring a smooth transition.

Allwyn’s acquisition of Camelot UK in February 2023 paved the way for the legacy Camelot business to become an integral part of the expanded Allwyn group. Additionally, Allwyn acquired US-facing Camelot Lottery Solutions (Camelot LS), now rebranded as Allwyn North America, further solidifying the union.

These acquisitions have not gone unnoticed in Allwyn’s financial performance. During Q3, consolidated total revenue surged by a remarkable 98%, a testament to the strategic decisions and consolidation efforts that have reshaped the National Lottery landscape.

As the National Lottery prepares to embrace Allwyn’s leadership, the extension of IGT’s supplier contract marks a significant milestone in this transformative journey. Stay tuned for more updates as the UK National Lottery evolves under new stewardship.

The post IGT Extends Supplier Contract with UK National Lottery Amidst Allwyn Transition appeared first on Gamingo News.

A momentous shift is underway in the realm of the UK National Lottery as International Game Technology (IGT) cements its role as a key player. Amidst the impending takeover by Allwyn, IGT has secured an extended supplier contract to continue providing the core lottery system. Join us as we delve into the details of this
The post IGT Extends Supplier Contract with UK National Lottery Amidst Allwyn Transition appeared first on Gamingo News.