Tag Archives: OPAP

Allwyn completes group-wide rebrand and identity change

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

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

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

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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OPAP nets Gold Sponsorship of Greek Basketball 

OPAP SA, the operator of the Greek national lottery and retail sportsbook franchises, has become the principal sponsor of the Hellenic Basketball Federation (EEC).  At a press conference hosted at the Athens Olympic Gymnasium, OPAP was announced as the ‘Gold Sponsor’ of EEC Greek men’s and Women’s basketball teams.  The partnership will span a period of 3-years and will see …

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Growth hungry Allwyn increases OPAP shareholding to 48% 

OPAP Q3 bounce back hurt by continued lottery declines

The board of Allwyn Entertainment has confirmed an increase in its shareholding in Greek gambling group OPAP SA from 41.2% to 48.1%.  An agreement was reached with Yeonama Holdings Co, enabling Allwyn to acquire the ‘remaining minority interest’ in SAZKA Delta Investments – an entity that held 6.9% of OPAP shareholders. The transaction will cost Allwyn Entertainment €327 million and …

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Allwyn sets course on $9.3bn NYSE listing captained by Cohn & Robbins SPAC

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 …

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Stoiximan growth helps OPAP offset retail blues 

OPAP SA has reported a ‘further solid trading period’, as online growth credited to its newly integrated Stoiximan assets have offset continued lottery and VLTs declines.  Publishing its nine-month management performance statement, the Athens-listed gambling group registered a 16% increase in corporate revenues to €1.04 billion (YTD2020: €898m).  A breakdown of unit performance saw OPAP’s betting division achieve a 55% …

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Kaizen appoints proven talent Pablo Puertas as Marketing Director

Kaizen Gaming, the online gambling subsidiary of OPAP SA, has confirmed the appointment of Pablo Puertas as Group Marketing Director.  The executive will form part of Kaizen’s new marketing leadership team, led by Chief Marketing Officer (CMO) Panos Konstantopoulos, that is charged with leading the strategic oversight and performance of Kaizen’s flagship Stoiximan and Betano brands   Puertas joins Kaizen from …

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European Lotteries & ESNGO unite to promote sport for mental health week

STS - European Union flag on blue sky background

Lottery trade associations The European Lotteries (EL) and The European Sports NGO (ENGSO) recently collaborated for a joint webinar during European Week of Sport (23-30 September) to highlight the importance of sport, mental health and well-being. EL noted that it shares the same core values alongside ESNGO of responsibility, sustainability and integrity and is united in its efforts to promote mental health and well-being through …

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