Lottery giants Allwyn International and OPAP have taken a step closer to completing their merger after reporting “strong” support among shareholders, with only a minority of investors electing to exercise exit rights.
The companies announced the merger in October 2025, saying it would create a combined business worth €16 billion ($19.1 billion). Both the Allwyn and OPAP boards have approved the deal.
For the merger to proceed, Allwyn and OPAP must satisfy various other regulatory approvals and closing conditions. One potential hurdle was OPAP shareholders being able to dispose of their shares in exchange for cash compensation. This was offered at €19.04 per share across 50,154,474 OPAP shares and was available until 9 February.
