National Lottery group Allwyn has posted lower sales and earnings in the UK as it continues to be held back by a lack of new products amid technology delays after taking over the licence earlier this year.
IGT had challenged the Gambling Commission’s decision to award Allwyn the 10-year licence in court, but later dropped the legal action. Allwyn has already admitted that delays to the new games it had hoped to introduce in 2024 will hold back the amount of money it can give to good causes in the early part of its 10-year licence.
Third-quarter results for the group showed that UK underlying earnings slumped 84% to 7 million euros , with the group blaming the “significant” decline largely on the “introduction of a new incentive and profitability mechanism with the start of the new licence”. But on a pro rata basis, underlying earnings slipped 1% to 289.2 billion euros as the UK performance weighed on the group.