Allwyn: OPAP Merger to Shape the Future of iGaming
(AsiaGameHub) – Allwyn AG has finalized the business merger of Allwyn International AG and OPAP to establish the second-largest listed lottery and gaming operator, a transaction it believes can shape the future of the iGaming industry.
The deal was first unveiled in October last year, proposed as an all-share transaction valuing the combined entity at €16 billion in equity. Allwyn has now integrated its lottery and gaming business with the Greek firm’s operations in Greece and Cyprus, with OPAP rebranding its consumer-facing brand to Allwyn.
This move also builds on a longstanding partnership between the two entities, which began in 2013 when KKCG Group first invested in OPAP. The company already held a 51.8% stake in OPAP prior to this latest transaction.
Anticipated outcomes for the combined company in driving growth and shareholder returns include:
Leading market positions across multiple geographies and product lines.
Diversification by region, product, and channel.
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