Tag Archives: Allwyn

The Chairs of Czech international lottery operator Allwyn and its parent company, investment firm KKCG, have joined wider industry and global condemnation of the Russian invasion of Ukraine.  Penning an open letter this morning, the two firms described Vladimir Putin’s military action against his western neighbour as a ‘senseless act of aggression’, whilst also decrying the ‘barbarism’ of the President’s …

The UK Gambling Commission (UKGC) has issued a statement to dismiss reports claiming that Camelot Group is its ‘preferred bidder’ to win the Fourth National Lottery Licence Competition. The response was issued in light of an article published yesterday by The Daily Telegraph title “Camelot hits National Lottery jackpot” – that claimed the commission had recommended to PM Boris Johnson that …

Allwyn has confirmed the ‘planned appointment’ of Justin King to serve as Chairman of its UK business, should the pan-European lottery conglomerate win the Fourth National Lottery Licence Competition. The former long-term Chief Executive of Sainsbury’s Plc (2004-2015), King has served as a strategic advisor of Allwyn’s bid to become the next National Lottery steward – a decision that imminently …

The Betting and Gaming Council (BGC) has outlined a commitment to investing £20 million on staff training and development across the UK, in support of the government’s ‘Levelling Up’ job booster programme.  In addition to the investment plans, the betting and gaming industry standards association has also pledged to create 5,000 apprenticeships for young people in the sector between now …

Allwyn confirms recent news speculation, disclosing this morning that it has agreed to merge with SPAC vehicle Cohn Robbins Holdings Corp (CRHC)– a transaction that will see the multinational lottery operator list on the New York Stock Exchange (NYSE).  Issuing a joint statement this morning, Allwyn and CRHC dealmakers pursue an NYSE listing that will value the lottery group at $9.3 billion (€8.25bn) – representing …

Gambling reform advocates, including MPs, have called for an overhaul of the National Lottery – specifically in relation to the funding of good causes according to The Guardian. The outlet has reported that politicians such as Sir Iain Duncan Smith have called for a fixed percentage of the National Lottery operator’s revenue to be directed towards civic causes.   With the …

Interim UK Gambling Commission (UKGC) CEO Andrew Rhodes is reportedly set to take on a more permanent role at the regulatory body, according to The Guardian. The newspaper reported that the government has made the decision due to Rhodes’ commitment to cracking down on ‘recidivist behaviour’ by betting and gaming operators, ahead of the publishing of the 2005 Gambling Act …

Flutter Entertainment Plc has this morning announced that it has secured definitive terms to acquire Italian gambling group Sisal for a consideration of €1.9 billion (£1.62bn). An agreement has been reached with US private equity fund CVC Capital – the current owner of SIsal – which will see the Italian market leader in online and lottery verticals transferred to Flutter’s …

Allwyn Group (formerly SAZKA Group) has reported a strong trading performance for 2021 across multiple markets and verticals, with retail holdings experiencing an uptick following the lifting of restrictions during the first half of the year. Updating investors in its third quarter interim trading update, the recently rebranded Czech multinational gambling group experienced a 51% year-on-year increase in consolidated gross …

In a global rebranding, Czech gambling group Sazka Entertainment will now conduct business under the corporate identity of Allwyn, the company name it has been using for its UK operations. As the largest lottery operator in Europe, the group operates its flagship Sazka holding in its domestic Czech market in addition to Lotteries Austria, OPAP in Greece and Cyprus and …