Allwyn Finalizes Merger with OPAP

(AsiaGameHub) –   The merger establishes one of the world’s largest publicly traded gambling groups.

Greece.- The merger between Allwyn and OPAP has concluded, forming what Allwyn describes as the world’s second-biggest publicly listed lottery operator, valued at €16bn. The Czech Republic-headquartered operator (previously known as Sazka) has raised its ownership stake in the Greek gambling firm from 51.78% to 78.5%, with the remaining 21.5% to be held by other OPAP shareholders.

The transaction, agreed upon in October, builds upon a long-term partnership. Allwyn’s parent entity, KKCG , has held a significant stake in the Greek operator since 2013. Allwyn will now be listed on the Athens Stock Exchange and will maintain a dominant presence in the country, even after abandoning its plans to acquire Novibet due to monopoly-related concerns. OPAP operates the Greek national lottery in addition to a wide-ranging betting and gaming portfolio

This step continues Allwyn’s diversification strategy, which commenced with its rebranding in 2022. The company has been expanding globally and into other sectors. It currently operates the UK National Lottery and holds majority stakes in PrizePicks and Instant Win Gaming.

Allwyn anticipates that the OPAP transaction will result in greater geographic coverage, a broader product range, improved digital and technological capabilities, a more robust financial foundation, and a heightened focus on responsible gambling and contributions to charitable causes.

“This represents a significant strategic milestone for Allwyn, and we embark on our journey as a publicly listed global leader with a strengthened platform, increased financial flexibility, and a world-class team,” said CEO Robert Chvátal. 

“We are highly confident that our leading market positions, high level of diversification, and strong cash generation put us in a strong position to drive sustainable growth and ongoing value creation as we invest in innovation and future opportunities across our markets. I would like to express gratitude to our shareholders, employees, and regulators for their support as we unite two best‑in‑class organizations to form the second‑largest listed lottery and gaming operator worldwide.”

OPAP will streamline its operations into new Greek subsidiaries and relocate its legal headquarters to Luxembourg. KKCG will retain 78% of voting rights, while Allwyn has announced intentions to distribute €0.80 (£0.69) per share to investors.

Karel Komárek, founder and chair of both KKCG and Allwyn, commented: “Today, Allwyn enters a new chapter—one that builds on the momentum already defining our business. 

“Over the past 13 years, we have demonstrated the significant and sustainable value we generate for shareholders, for society, and through the experiences we provide to players. This progress has been rooted in partnership, trust, and a sincere commitment to innovation. Allwyn possesses exceptional potential in the fast-evolving realm of consumer entertainment, and we have the strategic clarity, scale, capabilities, and ambition to shape the future of the industry.”