Business
August 29, 2022
Allwyn No Longer Set Back by COVID, Q2 Results Show
Czech lottery giant Allwyn has published its financial results for the second quarter of 2022. The company demonstrated strong growth in its GGR and online sales. Allwyn’s GGR Increased Significantly According to Allwyn’s results, the company earned $900 million for the period. This represents a 23% year-on-year increase and reflects the company’s ongoing organic growth […]
Business
August 22, 2022
Allwyn and CRHC Report Merger Deal Progress
After a short delay, Allwyn Entertainment, a Czech lottery juggernaut, is closer to becoming a publicly-traded company. The lottery operator previously inked an agreement with Cohn Robbins Holdings Corp, a special purpose acquisition company (SPAC). Now, both parties shared news about their agreement’s progress. Allwyn and CRHC Reported Their Progress According to the agreement, the […]
Lottery
July 15, 2022
Allwyn’s National Lottery License Is Still Pending Approval
On June 29, the UK High Court lifted the suspension that was stopping the Gambling Commission from handing out the fourth National Lottery license to Allwyn. At the time, International Game Technology and Camelot asked to be allowed to appeal the decision. The Court of Appeal granted them this permission, to the disappointment of Allwyn […]
Lottery
June 29, 2022
Court Allows UKGC to Name Allwyn as Lottery Operator
Great Britain’s High Court has revoked the suspension of Allwyn’s licensing as the next National Lottery operator. The UKGC recently chose the Czech company to inherit the position from Camelot, much to the latter’s dismay. High Court Allows the UKGC to Begin Licensing Process The High Court had barred the UKGC from officially licensing Allwyn […]
Industry
June 16, 2022
Allwyn International Produced Solid Q1 2022 Performance
The winner of the fourth UK National Lottery tender Allwyn International posted today its financial results for the three months ended March 31, 2022, to reveal an overall solid performance and growth across key metrics. Consolidated Gross Gaming Revenue Allwyn recorded €869.3 million ($904.1 million) in consolidated gross gaming revenue in the first quarter of […]
Industry
June 1, 2022
Allwyn’s Merger with SPAC Cohn Robbins Pushed Back to Q3
A multi-billion special purpose acquisition company (SPAC)-type merger slated to complete in the second business quarter of 2022 has now been postponed for the third quarter and is dependent on the US Securities and Exchange Commission (SEC). Standard Regulatory Reviews The $9.3 billion merger between Allwyn Entertainment and SPAC Cohn Robbins Holdings Corp and the […]
Lottery
May 12, 2022
Camelot Says It Will Go Bankrupt if National Lottery License Goes to Allwyn
Camelot, the current operator of Britain’s National Lottery is concerned about losing the license bid to Allwyn. Devastated by its loss, the former company presented its case to the court, claiming that the United Kingdom’s Gambling Commission has been unfair. During one of the latest days of the trial, Camelot claimed that losing the lottery […]
Lottery
May 11, 2022
UKGC’s Haste to Crown Allwyn as National Lottery Operator May Hurt Good Causes
The fight for Britain’s National Lottery license continues as competitors persistently dispute Allwyn’s victory. The UKGC plans to ask the court to speed up the process but some fear this will have negative consequences. The UKGC Wants to Waste no More Time Allwyn, formerly Sazka, is a Czech company that dethroned Camelot as the operator […]
Legal
April 20, 2022
Camelot Denied Fast-Track Trial against UK Gambling Commission
The operator of UK National Lottery Camelot suffered a legal setback Tuesday after a London judge ruled against its request to fast-track legal proceedings against the Gambling Commission. No Expediting of Legal Proceedings Judge David Waksman of the High Court of Justice of England and Wales stated that to “jump the gun” and expedite proceedings […]
Industry
April 13, 2022
Allwyn’s NYSE Presentation Raised Concerns of Links to Russia
An investor presentation for Allwyn Entertainment, the winner of the contract to run the UK National Lottery from 2024, is raising concerns that the business may be impacted by the sanctions imposed on Russia, reported PA Media. Reflection on Current Global Climate Allwyn is about to go public on the New York Stock Exchange via […]
