Allwyn Finalizes Full Acquisition of Stoiximan and Sells Casino Properties in Australia and Germany

Allwyn Completes Full Purchase of Stoiximan

Allwyn, a leading force in the lottery and casino industry, has successfully acquired the remaining shares of Stoiximan, a company within its Greek and Cypriot operations. Previously holding a majority stake, Allwyn has now secured the final 15.51% ownership from the original founder-shareholders.

This acquisition, valued at approximately �0 EUR 191.6 million (around $223.5 million), is structured on a cash-free, debt-free basis and will be financed through existing cash reserves and credit facilities. The finalization of this deal is anticipated later this year and aligns perfectly with Allwyn’s strategic goal to fully own key assets in its portfolio.

Stoiximan has demonstrated impressive performance, with a notable 27% increase in gross gaming revenue projected for 2024. This growth highlights Stoiximan’s valuable contribution to Allwyn’s expanding product offerings.

Disposal of Casino Properties in Germany and Australia

Alongside strengthening its online gaming presence through the Stoiximan deal, Allwyn has also moved to divest its land-based casino holdings in Germany and Australia. The total proceeds expected from these sales amount to approximately EUR 105 million (roughly $122.5 million).

On July 1, Allwyn completed the sale of its German casino business, which included 10 casinos located in Lower Saxony. This transaction generated gross proceeds of EUR 67.7 million ($79 million), consisting of a EUR 15.2 million dividend and sale proceeds of EUR 52.5 million.

Following this, on July 11, Allwyn accepted an offer for its Australian casino operations, notably the Reef Hotel Casino in Cairns, managed through Reef Casino Trust. The company expects to receive around EUR 54 million ($63 million) from this sale, which is anticipated to be finalized by mid-2026, pending shareholder approval.

These land-based casino properties were part of Allwyn’s Austria segment, reflecting the company’s shift in focus towards its online gaming operations.

Significant Funding Supports Expansion and Transition

Allwyn’s strategic moves coincide with securing a substantial financing agreement valued at EUR 2.15 billion. This package, arranged with a consortium of top banking institutions, includes term loans and a revolving credit facility, both carrying a five-year maturity period.

This robust financial backing is set to support Allwyn through challenges in the UK market and facilitate its continued growth and development in the gaming sector.