Czech Lottery winner sees his company’s stock market listing delayed

Czech billionaire who won licence to run National Lottery sees his company’s stock market listing delayed

The Czech billionaire in line to take over the National Lottery will have to wait an extra three months for a bumper payout after his company’s stock market listing in New York was delayed. 

Allwyn Entertainment, which beat Camelot to the next National Lottery licence, has told investors its £7.4billion float has been pushed back to the third quarter of 2022 and its timing is ‘dependent’ on the US Securities and Exchange Commission. 

Allwyn founder Karel Komarek will pocket the bulk of a £600million payout from the public listing. 

Allwyn founder Karel Komarek pictured with girlfriend Stepanka Komarkova

Two months ago Allwyn was named the preferred applicant for the fourth National Lottery licence by the Gambling Commission. 

But Camelot has argued there is a risk that the ‘National Lottery will be run for ten years by an operator who was unlawfully appointed’. 

Allwyn’s investor presentation has set out further details of its listing via a Special Purpose Acquisition Company, or Spac. 

The presentation reveals Komarek, who is worth an estimated £5.9billion, will chair the  entity’s board of directors.