Allwyn hits peak performance ahead of SPAC merger

Allwyn hits peak performance ahead of SPAC merger

Article brief provided by SBC News
  • Ted Menmuir, SBC News
September 13, 2022 10:10 PM
  • Ted Menmuir, SBC News
  • Europe

Allwyn Entertainment has cited growth across all core markets as it finalises terms for a transformative SPAC merger with Cohn Robbins Holdings (CRHC) that will see the business list as the biggest lottery incumbent of the NYSE.

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Publishing its consolidated H1 Interim trading report, Allwyn (formerly SAZKA Group) registered first-half 2022 gross gaming revenues of €1.77bn [$1.76bn]. The outcome reflected a €513m GGR gain (+41%) on H1 2021’s comparatives of €1.25bn.

Growth in headline GGR signalled the group’s sustained recovery across the core markets of Austria, Czech Rep and Greece and Cyprus.

In Greece, its OPAP subsidiary registered a 60% increase in GGR to €899m (H12021: €561m) reflecting the uninterrupted performance of OPAP’s Greek retail network and continued online growth of Stoiximan assets.