Allwyn Wraps Up OPAP Merger, Goes Live on Athens Stock Exchange
Summary
Allwyn has completed its planned business combination with Greek operator OPAP and is now listed on the Athens Stock Exchange. The combined group will trade under the Allwyn name and the company says the deal makes it the second-largest listed lottery and gaming operator globally.
Allwyn highlighted a stronger, more diversified product mix, advanced technology and a sound financial profile. The firm intends to distribute EUR 0.80 per share to shareholders, expects 770,799,070 shares outstanding (excluding treasury shares) after cash exits, and plans to redomicile from Luxembourg to Switzerland before the end of H1 2026. Additional listings in London and New York are being targeted. Leadership framed the move as the next chapter for growth and value creation.
Author style: Punchy — this write-up flags a major industry milestone and why it matters.
Key Points
- Allwyn completed its merger with OPAP and is now listed on the Athens Stock Exchange.
- The combined company is described as the second-largest listed lottery and gaming operator worldwide.
- Shareholders to receive EUR 0.80 per share following completion of cash exit transactions slated for April.
- Post-transaction share count will be 770,799,070 outstanding shares (ex‑treasury).
- Allwyn plans to redomicile from Luxembourg to Switzerland in H1 2026 and pursue further listings, likely in London and New York.
- Management emphasises stronger market positions, diversified products, upgraded tech and commitment to responsible gambling and shareholder value.
Context and Relevance
This merger consolidates two long-standing partners — Allwyn first invested in OPAP in 2013 — into a scaled operator capable of broader geographic and product reach. For investors and industry watchers, the combined balance sheet, planned shareholder payout and redomicile signal strategic repositioning ahead of further capital market moves. It also follows Allwyn’s recent M&A activity where certain deals (eg Novibet) were abandoned due to competition concerns, underlining regulatory sensitivity in the sector.
Why should I read this?
Short answer: because it reshapes the global lottery landscape and could shift competitive dynamics and investor interest. If you care about gambling M&A, market listings or who’s calling the shots in European lottery markets, this is the quick, no-nonsense update you need — we read the detail so you don’t have to.