Allwyn, OPAP Create Lottery Giant in $18.6 Billion Merger (Casino.org)

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Deal creates one of the world’s largest lottery companies Merger could result in buyer listing shares in London or New York Allwyn to control 78.5% of new company Lottery giant Allwyn and Greek gaming company OPAP are merging in an all-equity deal that values the latter at $18.56 billion. An Allwyn logo. The company is merging with Greek gaming company OPAP in an $18.56 billion equity deal. (Image: Allwyn) The transaction, which expands Allwyn’s already majority stake of the target, will create one of the largest lottery providers in the world and extends the buyer’s multiyear acquisition binge that’s enabled the privately held company to become a global lottery Goliath. The Transaction marks a major milestone in the evolution of both companies. It will bring together two leading gaming operators, creating the second largest listed gaming entertainment company globally, with multiple diverse, fast-growing and market-leading positions across Europe, the United States and other international markets,” according to a statement. “The…Read MoreCategory: Financial, Lottery, Mergers and Acquisitions, mergers and acquisitionsSource: Casino.org

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