Allwyn Entertainment Goes Public Through Merger with Cohn Robbins Holdings Corp

The prominent European lottery conglomerate, Allwyn Entertainment, is entering the public market! They have revealed a significant agreement to amalgamate with an existing New York Stock Exchange entity, Cohn Robbins Holdings Corp (CRHC). This action places Allwyn’s approximate worth at a substantial $9.3 billion.

Karel Komárek, the visionary behind Allwyn and originator of its parent company KKCG, perceives this as a crucial juncture in the company’s trajectory. And it’s understandable – Allwyn has been thriving, managing a colossal €160 billion (or approximately $180 billion) in wagers in just twelve months (concluding June 2021).

Already a dominant force in lotteries throughout Austria, the Czech Republic, Greece, Cyprus, and Italy, Allwyn is forecasting substantial expansion. They are anticipating roughly $810 million in modified EBITDA on earnings of about $1.7 billion for 2022.

Sir Keith Mills, Head of Allwyn UK, shared the enthusiasm, affirming that this maneuver underscores Allwyn’s dedication to revolutionizing the international lottery landscape. Their focus is on enhancing the entertainment and engagement value of lotteries, and this public listing will undeniably propel their aspirations.

This collaboration solidifies our proposal for the fourth UK National Lottery permit, despite having already presented a robust submission.” A premier lottery provider in Europe, Allwyn, is dedicated to ethical gaming. This dedication is apparent through its accreditations, including the top tier (Level 4) from the World Lottery Association and the Responsible Gaming Certification from the European Lottery.