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Allwyn Entertainment Announces Withdrawal By Camelot Entity Of Legal Challenge To Allwyn's Selection As Preferred Applicant For UK National Lottery License

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lucerne, switzerland , September 6, 2022 /PRNewswire/ — As previously announced, March 2022 The UK Gambling Commission has selected Allwyn Entertainment Ltd, a subsidiary of Allwyn Entertainment AG (“Allwyn”), as the preferred applicant for the fourth license to operate the UK National Lottery. License grant is contested in legal challenges.

upon June 29, 2022, a court ruled lifting an automatic suspension that prevented the UK Gambling Commission from entering into an agreement with Allwyn Entertainment Ltd to begin the transition process. (current operator of ), Camelot Global Lottery Solutions Limited (together “Camelot Entities” and “Camelot Appeal”), and International Game Technology plc, resulting in a suspension. Ongoing.

Allwyn today announced that the Camelot Entities have decided to withdraw the Camelot Appeal and Allwyn Entertainment Ltd and Allwyn International AS have agreed to waive all claims for costs or damages against the Camelot Entities. did. Allwyn very much welcomes this decision and looks forward to working with Camelot and the Gambling Commission on the transition process.Alwyn is thrilled with the prospect of becoming the caretaker of European Biggest lottery.

About Alwyn

Allwyn is the world’s leading lottery operator. Allwyn focuses on innovation, technology, efficiency and safety across its expanding casual gaming entertainment portfolio to build lotteries that bring more profit. A lottery-first approach focused on affordable recreational play has given Allwyn its market-leading position through trusted brands. Europe of Austria, Czech Republic, Greece When Cyprus When Italy.

Additional Information on Business Combinations and Where to Find It

Additional information about the business combination, including a copy of the business combination agreement and prospectus, can be found in the registration statement. A registration statement has been mailed to each shareholder of Cohn Robbins Holdings Corp. (NYSE: CRHC) (“CRHC”). August 15, 2022under the registrant “Allwyn Entertainment AG”, can be found free of charge on the SEC’s website at www.sec.gov.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 regarding the business combination between CRHC and Allwyn. “expect”, “estimate”, “plan”, “budget”, “forecast”, “predict”, “intend”, “plan”, “may”, “will”, Words like “could”, “should”, “believe”, “predict”, “potential”, “continue”, “strategy”, “future”, “opportunity”, “would” ”, “believes”, “seeks”, “outlooks” and similar expressions identify such forward-looking statements. Forward-looking statements are forecasts, projections and other statements about future events that are based on current expectations and assumptions and are subject to the risk that actual results may differ materially from those expected. Subject to uncertainty. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to act as guarantees, guarantees, projections or conclusive statements of fact or possibility and are not relied upon by investors. should not be. Actual events or circumstances may be difficult or impossible to predict and differ from assumptions. These forward-looking statements include, but are not limited to, Allwyn’s and CRHC’s expectations regarding the expected financial impact of the business combination, the satisfaction of the closing conditions of the business combination, and the timing of the closing of the business combination. It will not be. CRHC’s Form S-1 Registration Statement (File No. 333-240277), Form 10-K Annual Report, risks and uncertainties described in the Risk Factors section should be carefully considered. I have.fiscal year ended December 31, 2021 Subsequent Quarterly Reports on Form 10-Q and Registration Statement Filed by Allwyn. These filings identify and address other important risks and uncertainties that could cause actual events or results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the control of Allwyn and her CRHC and are difficult to predict. A number of factors could cause actual future events to differ from the forward-looking statements in this document. This includes (1) the consequences of legal proceedings that he may bring against CRHC or Allwyn after the announcement of the business combination; (2) the inability to consummate the business combination and the private placement of common stock at the same time, or the inability to complete the business combination, including the failure to obtain the approval of CRHC’s shareholders; (3) the risk that the business combination may not be completed by his CRHC’s business combination deadline and the possibility of failing to obtain an extension of such deadline as requested by CRHC; (4) failing to meet the conditions for consummation of the business combination, including approval by CRHC’s stockholders and satisfaction of a minimum trust account amount after redemption by CRHC’s public stockholders; (5) the occurrence of events, changes or other circumstances that may lead to the termination of the business combination agreement; (6) the risk that the business combination will disrupt current plans and operations as a result of the consummation of the business combination; (7) inability to recognize the expected benefits of the business combination; This may be affected by, among other things, competition, the ability of the combined company to grow and manage profitably, maintain relationships with customers and suppliers, and retain key employees. (8) business combination costs; (9) changes in applicable laws or regulations; (10) the possibility that the combined company will be adversely affected by other economic, business and/or competitive factors; (11) recession risks and changes in regulatory conditions in the industries in which Allwyn operates; (12) Allwyn’s ability to obtain or maintain a right or license to operate in any market in which Allwyn operates or intends to operate in the future; (13) Allwyn’s inability to raise additional capital necessary to pursue its business objectives or achieve other cost efficiencies; (14) Enforceability of Allwyn’s intellectual property, including patents, and potential infringement of the intellectual property rights of others, cybersecurity risks, or potential breaches of data security; (15) Other risks and uncertainties described in CRHC’s Form S-1 Registration Statement and Form 10-K Annual Report. December 31, 2020 Subsequent Quarterly Reports on Form 10-Q and Registration Statement. Allwyn and her CRHC caution that the list of factors set forth above is not exclusive or exhaustive and that they should not place undue reliance on forward-looking statements, which speak only as of the date they are made. NEITHER ALLWYN NOR HER CRHC GUARANTEE THAT ALLWYN OR CRHC WILL MEET ITS EXPECTATIONS. Neither Allwyn nor CRHC undertakes any obligation to publicly provide or accept any revision or update to any forward-looking statement, whether as a result of new information, future developments or otherwise, or if circumstances change. .

Contact: Dana Dvorakova, [email protected]

Source: Allwin Entertainment

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