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UK’s incoming Nationwide Lottery operator Allwyn Leisure is in talks to purchase former operator Camelot’s UK operations, the businesses stated in a joint assertion on Saturday.

An settlement could possibly be struck within the coming weeks, with a deal valued by as much as 100 million kilos ($116.10 million), Sky Information reported, citing sources.

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“Allwyn is engaged in superior discussions with Ontario Lecturers’ Pension Plan which can result in it buying Camelot’s UK operations,” the businesses stated.

Britain in March named Allwyn as its most well-liked applicant to run the Nationwide Lottery, taking on from Camelot, which has held the license since its inception in 1994.

On Sept. 20, the corporate was awarded the fourth license to function the Nationwide Lottery from February 2024. ($1 = 0.8613 kilos) (Reporting by Jyoti Narayan in Bengaluru, Enhancing by Louise Heavens)

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