WILMINGTON, Del., Sept. 06, 2022 (GLOBE NEWSWIRE) — Cohn Robbins Holdings Corp. (“CRHC” or “Cohn Robbins” or the “Company”) (NYSE: CRHC), a publicly traded special purpose entity, commented today on the announcement that Camelot UK Lotteries Limited (the incumbent operator of the UK National Lottery) has agreed to its appeal against to reverse a key UK High Court judgment of June 2022 (the “Camelot Appeal”).

Leading multinational lottery operator Allwyn AG (“Allwyn”) said yesterday that the withdrawal of the Camelot profession removes an important obstacle to the UK Gambling Commission (“UKGC”) signing the enabling agreement that will allow the transition process to begin, and we look forward to working with Camelot and UKGC on the transition process to Allwyn UK, which operates Europe’s largest lottery. Allwyn UK ??was selected by the UKGC as the preferred applicant in the competition for the fourth license to operate the UK National Lottery in March 2022. The current license expires on January 31, 2024.

Cohn Robbins stated: “As a partner with Allwyn in our proposed business combination, Cohn Robbins shares Allwyn’s enthusiasm for the UK National Lottery. Allwyn’s selection as the preferred candidate to operate Europe’s largest lottery following one of the most competitive lottery license tenders ever conducted is a tribute to the strength and track record of the Allwyn team. We are also pleased that Allwyn will compete for new lottery entries – including in the $100 billion market – with a proven track record of successfully operating lotteries in multiple regions.”

CRHC believes the global lottery industry has attractive characteristics, including high consumer participation across broad demographics, resilience through market cycles, and upside potential from increasing online penetration. Allwyn is a leader in the $300 billion global lottery industry, operating lotteries across…