The management team of OPAP and Allwyn, in the presence of Robert Chvatal, Chief Executive Officer Allwyn, Kenneth Morton, Chief Financial Officer, Katarina Kohlmayer Board Member (Allwyn and OPAP), Jan Karas Chairman and Chief Executive Officer OPAP, Pavel Mucha, Chief Financial Officer OPAP, focused on its clear commitment to immediately implement the merger plan of the two OPAP Allwyn companies, based on the original plan, as well as on the strategy and future development plans of the new entity.
On his part, Allwyn founder, Karel Komarek, emphasized: “Allwyn’s vision is clear, to be the leading global gaming entertainment company. This means that we must set the pace in an industry that is changing faster than ever. We are building scale, investing in innovation and technology to improve the player experience, and entering new markets and products to secure the long-term future of the business and create opportunities to accelerate our growth.”
“The future of this industry will not be inherited – it will be built. And Allwyn intends to build it,” Komarek pointed out, adding that the OPAP Allwyn merger is one of the most exciting and promising cases with significant prospects, thus setting the tone for the presentation that followed.
According to the presentation, the new entity will hold a leading position in multiple markets with iGaming and sports betting products, adjusted EBITDA of 1.9 billion euros, pro forma adjusted EBITDA margin of 37% (percentage of pro forma net revenue), strong cash flows and possession of core technology and best-in-class content.
The new entity will also have an improved organic growth profile with an upward trajectory and a double-digit EBITDA CAGR forecast from 2024 to 2026.
The combination of the two established companies creates the world’s second largest listed lottery and gaming operator, as well as the largest listed lottery company, with a strong position to capitalize on key industry trends. It is now a global leader in the gaming industry with a diversified portfolio of activities, with a presence in more than 15 fast-growing markets and leading positions in markets in Europe and the US, as well as in other international markets.
The new company has a broad product range, an extensive geographical footprint, high-quality content, technology and digital capabilities.
Its strategy focuses on continuous product innovation, driving digital growth, customer loyalty. In particular, as emphasized, advanced technology, content, artificial intelligence and data-driven knowledge are key to achieving the goals of the new scheme.
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