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Allwyn and OPAP Join Forces to Form a £14bn Global Gaming Powerhouse
Allwyns merger with OPAP, valued at £13.9 billion, creates a formidable global gaming powerhouse, expanding its influence in the National Lottery (United Kingdom) landscape.
- Allwyn will merge with OPAP to form a gaming giant worth approximately 16 billion euro (£13.9 billion), enhancing its global market presence.
- As part of the merger, Allwyn, which owns a near-52% controlling stake in OPAP, plans to rename the combined entity to Allwyn.
- The merger allows Allwyn to enter the stock market while maintaining OPAPs Athens listing, with ambitions for future listings to attract more shareholders.
Why It Matters
This merger signifies a strategic consolidation in the gaming industry, potentially reshaping competition and investment in markets like the National Lottery (United Kingdom). It reflects broader trends of global expansion among gaming companies, emphasizing the increasing value of combined operations.