Czech lottery winner sees company listing delayed
Czech billionaire who got license to run National Lottery sees his company’s stock market listing delayed
The Czech billionaire vying to take over the National Lottery will have to wait another three months for a one-off payment after his company’s New York stock exchange listing was postponed.
Allwyn Entertainment, which beat Camelot for the next national lottery license, told investors its £7.4bn float had been pushed back to the third quarter of 2022 and its timing was up to the Securities and Exchange Commission. United States.
Allwyn founder Karel Komarek will pocket the bulk of a £600m payout from the public listing.
Allwyn founder Karel Komarek pictured with girlfriend Stepanka Komarkova
Two months ago, Allwyn was named the preferred candidate for the fourth National Lottery license by the Gambling Commission.
But Camelot argued there is a risk that the “National Lottery will be run for ten years by an operator who has been illegally appointed”.
Allwyn’s investor presentation provided further details on its listing through a special purpose acquisition company, or Spac.
The presentation reveals that Komarek, who is worth around £5.9bn, will chair the entity’s board.