Lottery operator Allwyn Entertainment has announced its intention to become a publicly listed company on the New York Stock Exchange (NYSE) in partnership with already-listed Cohn Robbins Holdings Corp (CRHC).
This will result in an expected total enterprise value for Allwyn of approximately $9.3bn.
According to Karel Komárek, Chairman of the Board of Allwyn and Founder of KKCG Investment Group, Allwyn’s majority owner, the listing represents the next chapter in the operator’s history.
Allwyn’s platform has collected approximately €16bn ($18bn) in wagers over the 12-month period ended 30 June 2021. The company, which currently operates lotteries in Austria, the Czech Republic, Greece, Cyprus and Italy, forecasts around $810m in Adjusted EBITDA from approximately $1.7bn in net gaming revenue for 2022.
Commenting on the announcement, Allwyn’s UK Chairman, Sir Keith Mills, said: "The announcement of Allwyn Entertainment’s intention to become a publicly listed company on the NYSE is an important milestone for our parent company. It is a significant endorsement of Allwyn's ability to increase lottery sales around the world by making them more entertaining, innovative and appealing to their customers.
"It’s exciting to see our parent company’s appetite for growth and the desire to bring lottery expertise to new corners of the world. And while we have already submitted our bid for the Fourth National Lottery Licence (in the UK), this partnership only makes our proposition stronger.”
The Allwyn-operated lottery is certified for responsible gaming by European Lotteries and holds the highest level of responsible gaming certification (Level four) from the World Lottery Association.
