Allwyn Acquires Stoiximan, Divests Assets in Australia and Germany

Lottery and casino powerhouse Allwyn has completed its acquisition of Stoiximan by acquiring the remaining shares in the company. At approximately the same time, the company divested casino assets in Australia and Germany, furthering its online focus.

The Company Set Out to Acquire the Remainder of Stoiximan

According to Allwyn’s official announcement, Stoiximan, which is part of its Greece and Cyprus segment, will be fully acquired by Allwyn. Allwyn, which already held a significant controlling stake in Stoiximan, confirmed that it has now set out to require the remaining 15.51% interest in the Greek company from its founder-shareholders.

This transaction will cost Allwyn EUR 191.6 million ($223.5 million) on a cash-free debt-free basis and will be funded with cash resources and liquidity facilities. Set to close later this year, the acquisition is in line with the company’s strategy of increasing its interest in operations that it doesn’t own wholly.

Allwyn justified its interest in Stoiximan with the company’s incredible track record of delivering growth and profitability. In 2024 alone, Stoiximan recorded a staggering 27% growth in gross gaming revenue. This potential makes it a strong asset in Allwyn’s product portfolio.

Allwyn to Sell Casino Assets in Germany and Australia

As Allwyn set out to wrap up its acquisition of Stoiximan and expand its online gaming presence, the company also announced the sale of land-based casino assets in Australia and Germany. The company expects total gross proceeds of EUR 105 million ($122.5 million) from the transactions.

Allwyn elaborated that, on July 1, it sold its casino operations in Germany, which consisted of 10 casinos in Lower Saxony. The company reported gross proceeds of EUR 67.7 million ($79 million), which included a dividend of EUR 15.2 million ($17.8 million) and sale proceeds of €52.5 million ($61.3 million).

On July 11, Allwyn followed up in Australia by accepting a bid for its local casino operations. Allwyn, which operated the Reef Hotel Casino complex in Cairns, held through Reef Casino Trust, agreed to sell the property, expecting approximately EUR 54 million ($63 million) in proceeds. The transaction is expected to be completed in the first half of 2026 and is subject to a shareholder approval process.

Allwyn clarified that its German and Australian casino operations were part of its Austria segment.

Allwyn Received Crucial Financing

The acquisition of the remainder of Stoiximan and the sale of Allwyn’s German and Australian casino assets come shortly after Allwyn closed an EUR 2.15 billion financing package with a consortium of leading banking entities.

Hailed as a major milestone for the business, the agreement comprises term loans and a revolving credit facility, which have been structured with a five-year maturity.

Allwyn said that this funding will help it overcome certain headwinds in the UK.