As CEO, Chvátal has led Allwyn Entertainment to move forward to acquire Camelot’s UK assets from the Ontario Teachers’ Pension Plan. The company said that as of now, no changes will be made to Camelot’s leadership team.
Once the transaction is completed, all Camelot LS Group companies will transfer to Allwyn as wholly-owned subsidiaries. Both companies anticipate the deal will close during the first quarter of next year, pending meeting customary closing conditions.
Chvátal said about the pending deal: "We have always viewed the US market as an important part of Allwyn's future growth story, and the acquisition of Camelot LS Group, is the right step. Allwyn's goal is building better lotteries, and helping them raise more for good causes, through innovation, technology, efficiency and safety in our quest for enhanced player engagement.
“Both Allwyn and Camelot share a passion for the lottery business, delivering value to our customers, and growing lottery returns to communities."
Throughout his career, Chvátal has held several executive-level positions and has led more than one company as a CEO. He served as the CEO of T-Mobile in Austria from 2007 to 2012. In 2013, he stepped into the role of CEO at Sazka.
He commented about taking the position on his social media: “I am proud to steer the new Sazka and make Sazka Group one of the most dynamically growing lottery groups in Europe.
“Sazka brand stands for consumer insight, credibility, innovation and commitment to the good cause of funding grassroots sports in the Czech Republic.”
Under Chvátal’s leadership, Allwyn has expanded its global reach to markets throughout Europe in Austria, the Czech Republic, Greece and Cyprus and Italy.
The company uses a “lottery-first approach” as part of its focus on innovation, technology, safety and efficiency to build lotteries that “return more to good causes.” The company has earned positions within the market by using an approach that is centred on recreational play.