Lottery giant Allwyn International has acquired the remaining 15.51% stake in Stoiximan, cementing full ownership of the online sports betting and iGaming operator in Greece and Cyprus.
The transaction comes alongside a strategic divestment of Allwyn’s casino operations in Germany and Australia.
Greek lottery operator OPAP, in which Allwyn owns a controlling stake, will pay €191.6m in cash on a cash-free, debt-free basis for the outstanding minority stake in Stoiximan Limited, which operates Kaizen Gaming’s business in Greece and Cyprus under the Stoiximan brand.
The transaction is expected to complete in Q3 2025, pending approval by Cypriot regulatory authorities. It will be financed through OPAP’s existing cash and liquidity facilities.
