UK's Gambling Commission Set to Settle £200M Dispute with Richard Desmond

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UK's Gambling Commission Set to Settle £200M Dispute with Richard Desmond

The Gambling Commission in the UK is in the process of resolving a significant legal claim amounting to £200 million filed by Richard Desmond, the media tycoon, relating to the National Lottery license. There have been reports that the Commission is proposing a mediation meeting with Northern & Shell, Desmond's company, to potentially reach an out-of-court settlement and put an end to the legal battle that has been a hurdle in upgrading the National Lottery's technology systems.

Mr. Desmond initiated a legal challenge in the High Court following the Commission's decision to award the National Lottery license to Czech operator Allwyn instead of his company and the incumbent operator, Camelot. Despite Allwyn assuming control of the lottery earlier this year, there have been delays in implementing a new IT system, jeopardizing plans for new games and doubling contributions to charitable funds over the license duration to £34 billion from the current £17 billion. This delay has also raised concerns about the company's ability to achieve its fundraising targets and fulfill its obligations to good causes.