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Allwyn Entertainment to List on New York Stock Exchange Through Merger with Cohn Robbins Holdings Corp.

Di Camila "Crimson" Phelps

## Lottery Giant Allwyn Sets Sights on New York Listing

A prominent lottery operator, Allwyn Entertainment, is making waves with its announcement to debut on the New York Stock Exchange. This strategic maneuver will be executed through a union with Cohn Robbins Holdings Corp. (CRHC), an entity already present on the NYSE.

This action assigns Allwyn a valuation of an impressive $9.3 billion, underscoring its substantial industry standing. Karel Komárek, the visionary leader behind KKCG (Allwyn’s controlling stakeholder) and Chairman of Allwyn’s board, views this as a transformative occasion, signaling a fresh chapter in Allwyn’s evolution.

Their rationale for this move is clear. Consider their accomplishments: in the twelve months preceding June 2021, the Allwyn platform generated an astounding €160 billion (equivalent to $180 billion!) in lottery transactions. With a firm presence in Austria, the Czech Republic, Greece, Cyprus, and Italy, they anticipate an adjusted EBITDA nearing $810 million and net gaming proceeds of $1.7 billion for 2022.

Sir Keith Mills, Chairman of Allwyn UK, shared the enthusiasm surrounding this advancement. He perceives it as a calculated maneuver, emphasizing Allwyn’s dedication to revolutionizing the worldwide lottery landscape by infusing it with greater entertainment, innovation, and engagement.

This development is attracting considerable attention, and rightfully so. As Mills articulated, it is motivating to witness Allwyn’s commitment to expansion and their ambition to share their lottery proficiency with all corners of the world.

Our proposal for the United Kingdom’s fourth National Lottery permit is already robust, but this collaboration truly solidifies our standing.” Allwyn holds responsible gaming certification from the European Lottery and has achieved the top tier (Level Four) accreditation from the World Lottery Association.