Allwyn Worldwide AG has taken a decisive step towards bolstering its digital gaming footprint by finalizing plans to accumulate the remaining minority stake in Stoiximan whereas divesting its land-based on line casino property in Germany and Australia. The twin announcement displays a pointy pivot towards high-growth digital segments and a broader technique of streamlining operations throughout key markets.
On July 18, Allwyn’s subsidiary OPAP S.A.—the primary operator of the group’s Greece and Cyprus division—disclosed it had agreed to accumulate the remaining 15.51% stake in Stoiximan. This acquisition from founder-shareholders positions OPAP, and thus Allwyn, as the only proprietor of Stoiximan, a dominant pressure within the on-line sports activities betting and iGaming scene in Greece and Cyprus.
The transaction is valued at €191.6 million, structured on a cash-free, debt-free foundation, with an extra adjustment linked to internet money on the time of completion. OPAP will finance the deal by means of inside money and liquidity reserves, with the finalization focused for the third quarter of 2025, pending regulatory approval from authorities in Cyprus.
Allwyn initially entered Stoiximan in 2018 and has since incrementally elevated its stake to 84.49% by means of a sequence of investments. The upcoming acquisition represents the ultimate step in consolidating its management over one in all Southern Europe’s most dynamic digital gaming firms.
“The transaction will enhance OPAP’s possession curiosity in Stoiximan to 100%,” Allwyn mentioned in its assertion. “It’s in step with Allwyn’s technique of accelerating its curiosity in present operations that aren’t wholly-owned.”
Stoiximan posted a 27% enhance in gross gaming income (GGR) in 2024, a mirrored image of its sturdy efficiency within the digital gaming sector. Allwyn believes this acquisition will improve its presence within the high-growth on-line betting and gaming markets, complementing its steady lottery operations.
As a part of this transition, Allwyn plans to revise its consolidated stability sheet to acknowledge a associated legal responsibility of €205.6 million as of March 31, 2025. The adjustment will affect fairness however not the corporate’s earnings or money move statements.
Stoiximan CEO Nikos Fligos famous, “This milestone marks a brand new chapter in Stoiximan’s journey. With the dedication and keenness of our 300-strong staff, who’re the driving pressure behind our market management, we stay totally dedicated to delivering excellent experiences to our prospects, shaping the way forward for on-line gaming in Greece and Cyprus.”
Departure from Land-Primarily based On line casino Operations
Concurrently, Allwyn is stepping away from its bodily on line casino pursuits with the sale of its property in Germany and Australia. The transfer is ready to usher in a complete of roughly €105 million in gross proceeds and displays a deliberate shift towards digital-first operations.
On July 1, the corporate finalized the sale of its 10 on line casino properties in Decrease Saxony, Germany. The transaction introduced in €67.7 million—€15.2 million of which was distributed as a dividend in June, and €52.5 million was acquired upon sale completion. These casinos generated €126.4 million in income in 2024 and have been a part of Allwyn’s Austria section.
A couple of days later, on July 11, Allwyn accepted a bid for its 42% stake within the Reef Lodge On line casino in Cairns, Australia. Held by means of the Reef On line casino Belief (RCT), a public belief listed on the Australian Securities Trade, the group expects to obtain round €54 million from this sale. The bid is structured as an off-market money takeover and is contingent on a number of situations, together with approval by a minimum of 80% of RCT unitholders and regulatory clearance. Completion is projected for the primary half of 2026.
Allwyn and its associate, Accor, collectively maintain greater than 71% of RCT items and have already accepted the bid, considerably rising the probability of a profitable transaction.
Driving Digital Progress
The realignment of Allwyn’s portfolio aligns with its wider push towards digital growth. In December 2024, Allwyn additionally acquired a 51% stake in Logflex MT Holding, dad or mum firm of on-line operator Novibet, in a €217 million deal anticipated to shut within the latter half of 2025.
Monetary efficiency in early 2025 displays this strategic route. The corporate reported €2.34 billion in income for Q1, up 6.4% from the earlier yr. Internet income climbed 5.4% to €1.01 billion, whereas adjusted EBITDA reached €362.3 million, regardless of a narrowing margin from 37.4% to 35.9%.
Digital income accounted for 39% of Allwyn’s whole gross gaming income in Q1, rising 15% year-over-year. Income from the Greece and Cyprus section—which incorporates Stoiximan—grew 8% to €616.9 million in the identical interval.
In the meantime, the Austria section, which housed the now-sold on line casino companies, posted a 6% income enhance to €423.6 million. Nonetheless, development in lottery and iGaming helped offset a downturn in video lottery terminals and on line casino efficiency.
Allwyn additionally just lately secured a €2.15 billion senior amenities settlement with worldwide banks and launched a €500 million senior secured notes providing, with proceeds earmarked for refinancing present debt and funding company development initiatives.
