Allwyn Reports Strong Q2 Growth Amidst UK Lottery Acquisition and Betano Deal
Lottery giant, Allwyn, has announced a remarkable 23% jump in its second-quarter gross gaming income (GGI), hitting €901.7 million (US$895.5 million) versus the corresponding timeframe last year.
This exceptional performance was driven by a blend of inherent expansion across Allwyn’s ventures and the stabilization in numerous territories as brick-and-mortar retail venues completely resumed operations. Significantly, the firm emphasized the robust results of its digital platforms, especially in the Czech Republic, where internet-based transactions now constitute a substantial share of their overall GGI.
Allwyn maintains its dedication to its enlargement plan, seeking both acquisitions and involvement in bids. A key illustration is their current arrangements to assume control of the UK National Lottery’s management, subsequent to the Gambling Commission’s affirmation of their license grant.
Robert Chvatal, Chief Executive Officer of Allwyn, conveyed his contentment with the company’s achievements, remarking, “It brings me great pleasure to declare that Allwyn has produced yet another series of solid financial outcomes in Q2 2022, and persists in making positive headway on crucial strategic actions across both our internal and external growth tactics.” He further underscored the pact secured with OPAP to procure a 36.75% holding in Kaizen, further strengthening Allwyn’s standing within the sector.
Betano, a rapidly expanding online sports wagering and iGaming platform utilizing proprietary technology, traces its roots back to the creators of Stoiximan, a prominent betting enterprise.
This group, currently at the helm of Betano under its namesake brand, maintains operations across seven markets. Their presence is particularly robust in Romania and Portugal, with notable expansion occurring in Brazil. Robert Chvatal, the Chief Executive Officer of Allwyn, the entity in the process of acquiring Betano, remarked, “The accomplishments of this team with Stoiximan are truly remarkable, and I am enthusiastic about the potential that Betano holds.”
The acquisition is anticipated to reach completion in the final quarter of the current year, contingent upon regulatory clearance.
“On the whole, I am highly satisfied with Allwyn’s financial results and strategic advancements this quarter, and I approach the future with confidence and enthusiasm, anticipating promising times ahead,” Chvatal further commented.
During the six-month period concluding on June 30, 2022, Allwyn recorded €1.77 billion in aggregate gaming revenue, reflecting a 41% surge compared to the corresponding timeframe in the preceding year. Their net gaming revenue witnessed a 50% escalation to €1.08 billion, while adjusted EBITDA experienced a 45% rise, reaching €5.438 billion.
This development coincides with a period during which the UK National Lottery, formerly under the management of Camelot, witnessed a £2.83 billion (US$3.47 billion) decline in ticket sales throughout the 2021/22 fiscal year. Nevertheless, they still achieved the second-highest sum ever amassed for charitable endeavors.
