Allwyn loan to help Camelot acquisition

Allwyn International is to receive €335m in six-year term loans to help the European lottery operator acquire the Camelot Lottery Solutions group of companies.

A group of lenders from a syndicate of international banks has committed the funds for Allwyn under the company’s existing agreement, with the money also being used for corporate purposes.

The syndicate includes existing and corporate lenders.

Kenneth Morton, CFO of Allwyn, said the funds “will help us continue to grow our business, building on our successful €1.6bn syndicated bank financing in November 2022.”

Allwyn’s deal to buy the Camelot Lottery Solutions group was announced in January, after Allwyn also revealed it was in talks to buy Camelot UK Lotteries.

Allwyn will take control of the UK National Lottery from Camelot UK in 2024 having been awarded the 10-year licence in September.