Allwyn and OPAP Unite to Form Second Largest Gaming Company Globally

Allwyn International AG and OPAP S.A. have announced a merger to create one of the world's largest listed lottery and gaming operators. The all-share transaction values the combined entity at €16 billion. The merger will prominently position the company on the Athens Stock Exchange and potentially another major international exchange, such as London or New York.

This merger combines two major gaming operators, enhancing their global presence across Europe, the US, and other markets. Allwyn holds a 51.78% stake in OPAP, which facilitates this synergistic merge. The unified company will focus on digitalization, diversification, and strategic growth, boasting a pro forma EBITDA of €1.9 billion. OPAP plans to rebrand itself to Allwyn starting Q1 2026. The new entity, retaining headquarters in Switzerland, aims for aggressive expansion and innovation in the gaming sector.