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Lucerne, Switzerland , September 6, 2022 /PRNewswire/ — As previously announced, in March 2022 The UK Gambling Commission has selected Allwyn Entertainment Ltd, a subsidiary of Allwyn Entertainment AG (“Allwyn”), as its preferred applicant for a fourth licence to operate the UK National Lottery. The grant of the license has been challenged in a legal challenge.
superior June 29, 2022, the court ruled to lift the automatic suspension to prevent the UK Gambling Commission from reaching an agreement with Allwyn Entertainment Ltd to begin the transition process. Camelot UK Lotteries Limited (the current operator of the UK National Lottery) and Camelot Global Lottery Solutions Limited (collectively the “Camelot Entity” and “Camelot Appeal”) and International Game Technology plc appealed the ruling, resulting in the suspension continuing.
Today, Allwyn announced that Camelot Entity has decided to withdraw its appeal against Camelot and that Allwyn Entertainment Ltd and Allwyn International AS have agreed to waive all claims for costs or damages against Camelot Entity. Allwyn welcomes this decision and looks forward to working with Camelot and the Gambling Commission on the transition process. Allwyn to become European Biggest lottery.
About Owen
Allwyn is the world’s leading lottery operator. Allwyn builds more lotteries back to the public good by focusing on innovation, technology, efficiency and safety across a growing portfolio of casual gaming entertainment products.Lottery-first approach focused on affordable entertainment games has earned Allwyn a leading market position and a trusted brand Europe exist Austria, Czech Republic, Greece and Cyprus and Italy.
Additional information about the business portfolio and where to find it
Additional information about the business combination is provided in the registration statement, including a copy of the business combination agreement and prospectus. The registration statement has been mailed to Cohn Robbins Holdings Corp. (NYSE: China Railway) (“CRHC”) shareholders as of August 15, 2022and can be found for free on the SEC’s website: www.sec.gov Under the registrant “Allwyn Entertainment AG”.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes “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. Words such as “anticipate,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “may,” “should,” etc. , “believe,” “predict,” “potential,” “continue,” “strategize,” “future,” “opportunity,” “will,” “seem,” “seek,” “outlook,” and similar expressions are intended to in identifying such forward-looking statements. Forward-looking statements are projections, forecasts and other statements about future events that are based on current expectations and assumptions and are therefore subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are for illustrative purposes only and are not intended to be, and should not be relied upon by, investors as assurances, assurances, forecasts or express statements of fact or probability. Actual events and situations are difficult or impossible to predict and differ from assumptions. These forward-looking statements include, but are not limited to, Allwyn and CRHC’s expected financial impact on the business combination, satisfaction of the business combination closing conditions and expectations for when the business combination will close.You should carefully consider the risks and uncertainties described by CRHC in the “Risk Factors” section on Form S-1 (File No. 333-240277), its Annual Report on Form 10-K (as amended from time to time), for the fiscal year ended December 31, 2021 and its subsequent Quarterly Report on Form 10-Q, and the registration statement filed by Allwyn. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are beyond the control of Allwyn and 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, including, but not limited to: (1) the outcome of any legal proceedings that may be brought against CRHC or Allwyn following the announcement of the business combination; (2) the business The merger cannot be completed, including the simultaneous completion of the business combination and the non-public issuance of ordinary shares, or the failure to obtain the approval of CRRC shareholders; (3) The business combination may not be completed before the business combination deadline of CRRC and may not be obtained The risk of extension required by CRRC; (4) Failure to meet the conditions for the completion of the merger, including the approval of CRRC shareholders, and the failure to reach the minimum trust account amount after redemption by CRRC public shareholders; (5) Occurrence events, changes or other circumstances that may result in the termination of the business combination agreement; (6) the risk of the business combination disrupting current plans and operations due to the completion of the business combination; (7) the inability to recognize the expected benefits of the business combination, which may be affected by (including ) competition, the combined company’s ability to achieve profitable growth and manage growth, maintain relationships with customers and suppliers, and retain key employees; (8) expenses related to business combinations; (9) changes in applicable laws and regulations; (10) The combined company may be adversely affected by other economic, business and/or competitive factors; (11) Downturn risks and changing regulatory environments in the industry in which Allwyn operates; (12) Allwyn acquires or maintains future operations in Allwyn or the ability to seek rights or licenses to operate in any market in which it operates; (13) Allwyn may not be able to raise additional funds necessary to achieve its business objectives or to achieve other cost efficiencies; (14) Allwyn intellectual property (including its patents) may be enforceability, and potential infringement of the intellectual property rights of others, cybersecurity risks, or potential data security breaches; (15) other risks and uncertainties described in CRHC’s Registration Statement on Form S-1 and Annual Report on Form 10-K, As amended from time to time, as of the financial year December 31, 2020 and its subsequent Quarterly Reports and Registration Statements on Form 10-Q. Allwyn and CRHC caution that the above list of factors is not exclusive or exhaustive and that undue reliance should not be placed on any forward-looking statements, which speak only as of the date they are made. Neither Allwyn nor CRHC can guarantee that Allwyn or CRHC will achieve its expectations. Neither Allwyn nor CRHC undertakes or accepts any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, or as circumstances change, unless otherwise required by securities and other applicable laws.
Contact: Dana Dvorakova, [email protected]
Source Allwyn Entertainment
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