Camelot ‘will vanish’ if they lose the lottery

In a last ditch attempt to overturn the decision of the Gambling Commission to award the fourth Lottery licence to a new bidder, incumbent Camelot claimed they will cease to exist if the government regulator is allowed to award the right to stage the draw to Czech-owned Allwyn Entertainment, the High Court heard. The Gambling Commission gave the fourth national lottery licence to Allwyn earlier this year as the ‘preferred bidder’, triggering a legal challenge from Camelot UK Ltd. The…