Published
LotteryFinancialIndustry

Allwyn Entertainment to be listed on New York Stock Exchange

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).

New York Stock Exchange

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.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...