The Gambling Commission (GC) has made an announcement in the latest lottery news, extending the timeline for the second phase of the Fourth Lottery License Competition for ten weeks in total.
The regulator added four weeks to the application stage and another six weeks for the evaluation of the candidates. Casino sites report that the changes came after the representations from applicants during the Phase One of the tender process.
This is the second time the gambling authority delays the bidding process, as it was initially postponed in May 2020 due to the outbreak of the COVID-19 pandemic.
UKGC states that the extended timetable will allow bidders to refine their applications and give the regulator extra time to evaluate the candidates.
All applications should be submitted by October 15, with the Commission planning to announce a winner in February 2022. All dates, however, are indicative and may change in line with the market response and influence of COVID-19.
Third National Lottery licenses will be extended to 2024
The gambling authority has also disclosed that the Third National Lottery license, which belongs to Camelot, will be prolonged for six months, with the new license coming into force in February 2024. This will for sure have an impact on the lottery operator’s gambling profits.
By doing so, the UKGC hopes to streamline the transition process, while ensuring fair and open competition with the outcome that benefits the players.
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