Allwyn Completes OPAP Merger, Lists on Athens Stock Exchange

(AsiaGameHub) –   Lottery operator Allwyn has announced the successful completion of its merger with Greek company OPAP. The company stated that this combination establishes it as “the second-largest listed lottery and gaming operator globally.” Following this transaction, Allwyn is now officially listed on the Athens Stock Exchange.

Allwyn Becomes the Second-Largest Listed Lottery Operator in the World

In its official announcement, Allwyn confirmed that the planned business combination between Allwyn International and OPAP has been successfully finalized. The company highlighted that this merger unites two highly successful businesses, thereby expanding their already established long-standing partnership. Allwyn initially invested in OPAP back in 2013.

Allwyn further elaborated that the combined entity, which will operate under the Allwyn name, is now a more robust business. It holds leading market positions across several key markets and is characterized by a highly diversified product portfolio, positioning it for future success.

The company emphasized that it is now supported by advanced technology and possesses a strong financial foundation, enabling it to pursue further growth opportunities. Additionally, Allwyn reiterated its ongoing dedication to responsible gambling practices and the generation of shareholder value.

Regarding value generation, Allwyn confirmed its intention to distribute EUR 0.80 per share to its shareholders. This distribution will occur after the completion of share transactions involving shareholders who opted for the cash exit. The cash exit is anticipated to take place in April.

Upon completion of these transactions, Allwyn will have 770,799,070 shares outstanding, excluding any treasury shares.

Allwyn also stated that it remains on schedule to redomicile from Luxembourg to Switzerland before the end of the first half of 2026. Furthermore, the company indicated its intention to pursue an additional listing, with the London and New York stock exchanges identified as potential targets.

Allwyn’s Leaders Praised the Milestone

Representatives from Allwyn expressed their enthusiasm for this significant milestone. Karel Komarek, the company’s founder and chair, described the deal’s completion as the commencement of a “new chapter,” building upon the existing momentum of both businesses.

Komarek added that this transaction represents the culmination of 13 years of trust and commitment to creating value for players, shareholders, and society. He believes the combined entity is now well-positioned to achieve even greater success and redefine the entertainment landscape.

Allwyn has exceptional potential in the rapidly evolving world of consumer entertainment, and we have the strategic clarity, scale, capabilities and ambition to define the future of the industry.

Karel Komarek, founder & chair, Allwyn

Robert Chvatal, Allwyn’s chief executive officer, conveyed his strong confidence that the post-merger Allwyn will be capable of driving sustainable growth and value creation. He extended his gratitude to all those who supported Allwyn throughout the transaction, which has solidified the company’s position as a leading force in lottery gaming.

I would like to thank our shareholders, employees and regulators for their support as we bring together two best-in-class organisations to create the second largest listed lottery and gaming operator globally.

Robert Chvatal, CEO, Allwyn

In related news, Allwyn recently had to discontinue its planned merger with Novibet due to competition concerns.