Tag Archives: OPAP

OpenBet explores ‘most promising’ Greek market with OPAP

OpenBet

OpenBet has announced a long-term partnership with Greek gaming company, OPAP, concerning the latter’s online sportsbook. Entering the Greek sports betting market for the first time, OpenBet’s technology will power OPAP’s offering, scaling the company’s online betting business and providing a series of ‘competitive advantages’.  As part of the new partnership, the operator will also deliver the full suite of …

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Allwyn details ‘exciting UK developments’ in Q3 ahead of National Lottery operation

Robert Chvátal, Allwyn CEO

Following a group-wide consolidation of its pan-European operations, Allwyn International has reported positive trading during Q3, particularly in the UK. Publishing its quarterly trading update for July-September, the company outlined Q3 revenue growth of 11% to €958.6m (2021: €867.4m) and adjusted EBITDA of €319.9m (€290.4m), a growth rate of 10%, although the margin was down from 55% to 54%..  Meanwhile, …

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OPAP lauds Q3 sports betting performance ahead of World Cup closing 

OPAP Q3 bounce back hurt by continued lottery declines

OPAP SA looks forward to uninterrupted World Cup trading as the Greek firm continues its strong post-pandemic recovery, benefitting from new online and sports betting upgrades.  The Athens-listed gambling group reports a further consecutive quarter of growth, generating Q3 revenues of  €498m, up 6% on 2021 comparative results of €470m. Period trading saw OPAP’s lottery unit generate stable revenues of …

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Allwyn hits peak performance ahead of SPAC merger 

SBC News Allwyn hits peak performance ahead of SPAC merger 

Allwyn Entertainment has cited growth across all core markets as it finalises terms for a transformative SPAC merger with Cohn Robbins Holdings (CRHC) that will see the business list as the biggest lottery incumbent of the NYSE.  Publishing its consolidated H1 Interim trading report, Allwyn (formerly SAZKA Group) registered first-half 2022 gross gaming revenues of €1.77bn. The outcome reflected a …

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OPAP cites full retail recovery as H1 profits double

SBC News OPAP cites full retail recovery as H1 profits double

OPAP has outlined its confidence in achieving its full-year financial objectives, buoyed by the full recovery of its retail unit and continued online growth.  Publishing its H1 2022 interim trading results, the Athens-listed gambling group achieved corporate revenues of €899m, up 57% on 2021 results of €570m. Period growth was attributed to the performance of its uninterrupted lottery and retail …

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Allwyn targets US listing via CHRC merger

SBC News Allwyn targets US listing via CHRC merger

Allwyn Entertainment and Cohn Robbins Holding Corp (CHRC) have moved forward with their merger plans, which would result in the former securing a listing on the New York Stock Exchange (NYSE). The US Securities and Exchange Commission (SEC) has ‘declared effective’ Allwyn’s submission of a registration statement in connection with the amalgamation, which the respective first parties first outlined plans …

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Allwyn completes group-wide rebrand and identity change

Allwyn follows Camelot UK takeover with major expansion of US presence

Allwyn Group has completed its group rebrand and corporate identity change across all core units of its business.  Closing 2021, the company announced that it would change its corporate and brand identity from SAZKA Entertainment to Allwyn Group. The decision was taken to refresh the firm’s identity that had been born out of its Czech home market enterprise of SAZKA …

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OPAP offloads Betano stake to Allwyn investment vehicle

SBC News OPAP offloads Betano stake to Allwyn investment vehicle

OPAP SA has notified investors that it has divested its ‘minority interest’ in Betano, the Pan-European sportsbook subsidiary of Kaizen Gaming.  Issuing a market filing, the Athens-listed gambling group disclosed that it had sold its 36.75% stake in Betano to Rubidium Holding – a fully owned ‘indirect’ investment vehicle of Allwyn Entertainment. Deal terms will see OPAP receive an upfront …

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OPAP nets 26% profit jump as units return to full strength

SBC News OPAP nets 26% profit jump as units return to full strength

OPAP SA has hailed its full-unit business recovery, as the company records a strong end of year performance to offset early 2021 COVID-19 headwinds. Publishing its full-year 2021 results, the Athens-listed gambling group reported corporate revenues of €1.58 billion, up 36% on FY2020 results of €1.13 billion.  Headline growth was attributed to the full-strength return of its lottery unit during …

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Allwyn outlines initial National Lottery strategy following licence victory

Robert Chvátal, Allwyn CEO

Upon securing the next 10 year licence to the National Lottery, Allwyn Entertainment has provided an update on its operating strategy to its new holding, detailing a pan-European approach.  In particular, Allwyn plans to share best practice in lottery operations and focus on improvement of draw-based games, leveraging its experience as an operator of several lotteries throughout the continent.  Allwyn …

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