The listing marks the completion of an agreement approved by the boards of Allwyn and OPAP in October 2025, to combine the businesses into a single entity valued at €16bn.
The deal built on an existing relationship between OPAP and Allwyn owner KKCG Group, which first invested in OPAP in 2013 and held a 51.8% shareholding in the business at the time the combination was agreed.
OPAP shareholders approved the deal in January this year, while 6.7% later opted to receive cash for their shares ahead of the combination, at a price of €19.04, rather than shares in the combined entity.
Following its listing on the Athens Stock Exchange, Allwyn confirmed it remains committed to an additional listing on another international stock exchange, such as London or New York.
A ‘new chapter’ for Allwyn
Commenting on the announcement, Allwyn and KKCG founder and chair Karel Komarek said: “Today, Allwyn moves into a new chapter – one that builds on the momentum that already characterises our business.
“Over the past 13 years, we’ve shown the significant and sustainable value we create for shareholders, for society, and through the experiences we deliver to players. That progress has been grounded in partnership, trust, and a genuine commitment to innovation.
“Allwyn has exceptional potential in the rapidly evolving world of consumer entertainment, and we have the strategic clarity, scale, capabilities and ambition to define the future of the industry.”
Allwyn CEO Robert Chvatal added: “This is a major strategic milestone for Allwyn, and we start our journey as a publicly listed global leader with a strengthened platform, enhanced financial flexibility and a world-class team.
“We are very confident that our leading market positions, high degree of diversification, and strong cash generation position us well to drive sustainable growth and continued value creation as we invest in innovation and future opportunities across our markets.”
The deal follows the completion of Allwyn’s acquisition of a controlling interest in PrizePicks in January, which significantly strengthened its position in the US market.
In its full-year 2025 financial results released last week, Allwyn reported steady growth for the year as total revenue reached €8.99bn, up 4% year-on-year.
Dingnews.com 26/03/2026