{"id":777029276,"date":"2025-07-21T08:33:41","date_gmt":"2025-07-21T11:33:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777029276"},"modified":"2026-04-21T20:50:11","modified_gmt":"2026-04-21T23:50:11","slug":"allwyn-exits-land-based-casino-operations-in-australia","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/allwyn-exits-land-based-casino-operations-in-australia","title":{"rendered":"Allwyn exits land-based casino operations in Australia"},"content":{"rendered":"\n

The operator has also sold its casino operations in Germany as it focuses on lottery and online gaming.\u00a0<\/p>\n\n\n\n\n\n\n\n

Australia.- Allwyn International has announced the sale of its German and Australian casino assets<\/strong>. It\u2019s also entered an agreement to acquire the remaining 15.51 per cent<\/strong> minority interest in the Greece and Cyprus-facing online sports betting and igaming business Stoiximan<\/strong>.<\/p>\n\n\n\n

The operator, formerly known as Sazka until it won the UK National Lottery tender<\/a> under the Allwyn name, has said it had sold its casino operations in Germany at the start of this month. The portfolio consists of 10 land-based casinos<\/strong> in Lower Saxony. Gross proceeds were \u20ac67.7m<\/strong>, comprising a dividend of \u20ac15.2m upstreamed in June prior to disposal and sale proceeds of \u20ac52.5 m received this month. Total revenue of the German casino operations was reported to be \u20ac126.4m.<\/p>\n\n\n\n

Meanwhile, the operator has accepted a bid for its casino operations in Australia, which operate under the Casinos Austria International subsidiary. These operations comprise the Reef Hotel Casino <\/strong>complex in Cairns, held through the single-purpose ASX-listed Reef Casino Trust (RCT), in which the Group owns a 42 per cent interest. <\/p>\n\n\n\n

Gross proceeds are expected to be approximately \u20ac105m<\/strong>, with sale proceeds to the group expected to be \u20ac54m. The transaction is structured as an off-market cash takeover bid for RCT. Completion is anticipated in the first half of 2026, subject to at least 80 per cent of all RCT unitholders accepting the bid (the Group and its partner Accor with a combined unitholding of over 71 per cent have already accepted the offer), anti-trust and regulatory approvals and other customary closing conditions. In 2024, the Group\u2019s share of net income of RCT was \u20ac2.4m.<\/p>\n\n\n\n

In tandem, Allwyn announced that its Greek subsidiary OPAP<\/strong>, the operator of Allwyn\u2019s Greece and Cyprus segment, will acquire the remaining 15.51 per cent minority interest in Stoiximan <\/strong>from its founder-shareholders. Cash consideration is \u20ac191.6m on a cash-free debt-free basis, plus an adjustment for net cash as of the closing date.<\/p>\n\n\n\n

OPAP first acquired an interest in Stoiximan in 2018 <\/strong>and subsequently increased its interest to its current level of 84.49 per cent through two acquisitions. Allwyn said that Stoiximan has demonstrated a track record of strong top-line growth and profitability, achieving GGR growth<\/strong> of 27 per cent in 2024. <\/p>\n\n\n\n

The transaction will increase OPAP\u2019s ownership interest in Stoiximan to 100 per cent in line with Allwyn\u2019s strategy of increasing its interest in existing operations that are not wholly-owned. The company noted that the move will increase its exposure to the high-growth online sports betting and igaming segments, which are complementary to the growth profile of the Group\u2019s lottery operations.<\/p>\n\n\n\n

Stoiximan CEO Nikos Fligos<\/strong> said: \u201cThis milestone marks a new chapter in Stoiximan\u2019s journey. With the dedication and passion of our 300-strong team, who are the driving force behind our market leadership, we remain fully committed to delivering outstanding experiences to our customers, shaping the future of online gaming in Greece and Cyprus.\u201d <\/p>\n\n\n\n

The acquisition will be financed with cash resources<\/strong> and liquidity facilities at OPAP. Completion is anticipated in the third quarter of 2025, subject to approval from the Cypriot regulatory authorities. Allwyn intends to re-present consolidated balance sheets for comparative periods to reflect a related liability, which was \u20ac205.6m as of March 31, with a corresponding adjustment to equity and no effect to the income or cash flow statements.<\/p>\n\n\n\n

Allwyn\u2019s revenue<\/a> reached \u20ac8.8bn<\/strong> in 2024, a rise of 12 per cent year-on-year. Adjusted EBITDA rose by 4 per cent to \u20ac1.54bn. For Q4, revenue was up by 10 per cent at \u20ac2.4bn and adjusted EBITDA by 12 per cent at \u20ac437m. In October last year, the company\u2019s international division moved its head office from Prague in its native Czech Republic to Lucerne, Switzerland under the new legal name Allwyn International AG.<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Iris Capital launches US$116m bid for Reef Casino Trust<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The operator has also sold its casino operations in Germany as it focuses on lottery and online gaming.\u00a0<\/p>\n","protected":false},"author":226,"featured_media":777029774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Allwyn International is strategically divesting its land-based casino operations in Germany and Australia, generating significant gross proceeds. Concurrently, its subsidiary OPAP is acquiring the remaining 15.51% minority stake in Stoiximan, a high-growth online sports betting and iGaming business in Greece and Cyprus, aligning with Allwyn's focus on lottery and digital verticals. This portfolio rebalancing underscores Allwyn's commitment to enhancing its exposure to online gaming and consolidating ownership in key digital assets.","focusai_entities":"Allwyn International, Sazka, Stoiximan, OPAP, Casinos Austria International, Reef Hotel Casino, Reef Casino Trust, Accor, Nikos Fligos","focusai_location":"Germany, Australia, Greece, Cyprus, Lower Saxony, Cairns, Prague, Czech Republic, Lucerne, Switzerland, UK","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"NGR Impact Analysis","query":"Given the divestment of land-based casino assets and the full acquisition of Stoiximan, what is Allwyn's projected Net Gaming Revenue (NGR) impact and its contribution to the overall group's profitability and growth trajectory?"},{"label":"Capital Allocation Strategy","query":"How will the gross proceeds from the casino asset sales and the cash consideration for the Stoiximan acquisition influence Allwyn's future capital allocation strategy, particularly regarding further M&A in online verticals or debt reduction?"}],"footnotes":""},"categories":[16336,157],"tags":[29,24619,1897],"class_list":["post-777029276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-casino","tag-finance","tag-igaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777029276"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029276\/revisions"}],"predecessor-version":[{"id":777029314,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029276\/revisions\/777029314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777029774"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777029276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777029276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777029276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}