Business
December 9, 2024
Allwyn Q3 Boosted by Strong Performance in Key Markets
Allwyn has published its preliminary unaudited financial results for the third quarter of 2024. As the company recorded increases across the board, CEO Robert Chvatal expressed excitement about its standout performance in Greece and Cyprus. A Strong Quarter for Allwyn In Q3 2024, Allwyn reported a total revenue of EUR 2.14 billion ($2.26 billion), marking […]
Legal
November 29, 2024
Report: UKGC Seeking Settlement to Northern & Shell Lawsuit
The UK Gambling Commission (UKGC) is seeking a settlement to a lawsuit by media mogul Richard Desmond’s Northern & Shell PLC, according to a report by The Telegraph. The news outlet added that the matter is said to be further discussed in the weeks to come. Northern & Shell’s Challenge Stands The legal challenge was […]
Lottery
November 14, 2024
Allwyn’s Delayed Tech Upgrade of the UK National Lottery Raises Concerns
For three decades Camelot used to run the UK National Lottery. During that time, the operator helped raise billions to charitable causes. However, two years ago, Camelot lost the bid for the National Lottery license to Allwyn, a company currently headquartered in Switzerland. Now, a new report suggests that a massive technology upgrade for the […]
Lottery
October 2, 2024
Allwyn Moves International Headquarters to Switzerland
Allwyn International AG, the company that previously operated out of the Czech Republic, has found a new home in Switzerland, reincorporating itself in the European country. Allwyn Moves Corporate Home to Switzerland The change of home turf has been accompanied by the transfer of €500 million ($553 million) worth of senior secured notes due in […]
Industry
July 15, 2024
UKGC Considered Allwyn’s Ties with Russia Irrelevant to the National Lottery Bidding
The United Kingdom’s Gambling Commission (UKGC) did not believe that Allwyn’s indirect ties to Russia were relevant to The National Lottery licensing process. Responding to a freedom of information request by gambling news outlet NEXT.io, the regulator released previously undisclosed details of the lottery giant’s approach to this issue. Allwyn’s parent company KKCG, for context, […]
Legal
June 10, 2024
UKGC to Face Northern & Shell in Court in October 2025
Northern & Shell is set to face the UK Gambling Commission in court in October next year, according to a new update. The former company stands as the last challenger of the UKGC’s decision to select Allwyn as the new National Lottery operator. The British regulator’s decision was challenged by a variety of opponents, including […]
Industry
June 5, 2024
Allwyn Parent KKGC Cuts Ties with Russia
KKGC, an investment fund owned by Czech billionaire Karel Komárek, announced its intentions to cut its ties with Russian energy corporation Gazprom. This would mean that Allwyn, one of KKGC’s subsidiaries, will no longer have indirect ties with Russia. Allwyn took over the UK National Lottery recently after being selected as Camelot’s successor by the […]
Legal
June 5, 2024
UK Gambling Regulator to Face Northern & Shell in Court
The transition of the UK National Lottery license from Camelot to Allwyn was completed in February this year. Ultimately, Allwyn was picked as the winner of the license after a selection process led by the gambling regulator in the country, the UK Gambling Commission (UKGC). However, not everyone agreed with the procurement process which is […]
Business
May 22, 2024
Allwyn Appoints Ifor Evans as Group Chief Technology Officer
Leading multi-national lottery operator with a focus on building better lotteries that return more to good causes via innovation and technology, Allwyn, has announced the appointment of Ifor Evans as the new group chief technology officer (CTO). Evans will replace the group’s former CTO, Tony Khatskevich, who exited the position at the end of six […]
Business
May 21, 2024
Allwyn Publishes Preliminary Unaudited Q1 Update
Allwyn has published a Q1 trading update, outlining certain preliminary figures. The announcement coincided with the launch of an offering of a USD-denominated Term Loan B in the principal amount of $450 million. The current update came ahead of the announcement of the company’s unaudited Q1 results which is set to take place on June […]