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Edinburgh Live
Edinburgh Live
National
Graham Hiscott & Sophie Buchan

National Lottery tickets could be slashed to £1 as Camelot set to lose licence

National Lottery Camelot

Tickets could be slashed to just £1 after the company that runs the National Lottery are set to lose their licence - the first time since its launch in 1994.

Allwyn Entertainment, owned by Czech billionaire Karel Komarek, beat Camelot which was named by the Gambling Commission as its preferred bidder to operate the lottery from 2024.

After the news, Camelot's chief executive Nigel Railton said: "We're now carefully reviewing the Gambling Commission's evaluation before deciding on our next steps" with the Mirror reporting that Camelot was named as "reserve applicant."

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