Allwyn International and OPAP agreed to an all-share merger valuing the combined company at €16bn, according to the companies’ announcement as reported. The proposed group would operate under the Allwyn name and remain listed in Athens; completion requires shareholder approval, expected in late 2025 or early 2026.
The proposed merger would change ownership and corporate structure across both companies’ gaming businesses.
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Allwyn merged with its Greek subsidiary OPAP, according to the report. The report also says Allwyn acquired US fantasy operator PrizePicks recently and holds a stake in online sports betting company Betano.
Allwyn said it has extended its partnership with Formula 1 for a multi-year term and launched the Allwyn League on F1 Predict. The league will award prizes, including Grand Prix tickets, to users who score well on race predictions. Formula 1 said the renewed partnership also includes its Formation Lap and the Allwyn Global Community Award programme.
Allwyn began trading on the Athens Stock Exchange after completing its merger with OPAP, according to the report. The combined entity was valued at €16 billion; Allwyn said it is considering a further listing in London or New York.
Allwyn and Novibet parent Logflex MT Holding agreed to withdraw their planned acquisition after receiving feedback from Greece’s Hellenic Competition Commission, the companies said. The HCC warned that the deal would give Allwyn sole control of a close competitor and strengthen its position in the Greek market.
Allwyn International and Logflex MT Holding agreed to withdraw their proposed acquisition from review by Greece’s Hellenic Competition Commission, Allwyn said on 4 March. The planned majority-stake deal was valued at up to €327 million; the commission had raised concerns that it could increase Allwyn’s market share in online betting and gaming to more than 70%.