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Allwyn and OPAP Merge to Create $18.56 Billion Lottery Giant

10/13/2025

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Summary

Story summary

Allwyn International and OPAP will merge in an all-share deal valued at €16 billion ($18.56 billion), forming one of the largest lottery operators worldwide.
Allwyn, which owns a 52% stake in OPAP, plans to keep OPAP's Athens listing and pursue additional listings in London or New York.
Karel Komarek, Allwyn's founder, stated the merger will foster growth and innovation.
The merger is expected to finalize in the first half of 2026, pending shareholder approval, with OPAP rebranding to Allwyn that year.

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Story summary

Allwyn International and OPAP will merge in an all-share deal valued at €16 billion ($18.56 billion), forming one of the largest lottery operators worldwide.
Allwyn, which owns a 52% stake in OPAP, plans to keep OPAP's Athens listing and pursue additional listings in London or New York.
Karel Komarek, Allwyn's founder, stated the merger will foster growth and innovation.
The merger is expected to finalize in the first half of 2026, pending shareholder approval, with OPAP rebranding to Allwyn that year.