Allwyn Cites Peak Performance Ahead of Merger

Allwyn Entertainment has published solid earnings numbers ahead of a merger with a special purpose acquisition company that will make it the largest lottery company on the New York Stock Exchange.

Allwyn Cites Peak Performance Ahead of Merger

Switzerland-based lottery operator Allwyn Entertainment, which is about to take over operations of Britain’s National Lottery, announced peak performance numbers ahead of a merger with special purpose acquisition company Cohn Robbins Holdings that will make it the largest lottery operator on the New York Stock Exchange.

Publishing its consolidated H1 Interim trading report, Allwyn (formerly SAZKA Group) registered first-half 2022 gross gaming revenues of €1.77 billion. The outcome reflected a €513 million GGR gain on H1 2021’s comparatives of €1.25 billion, an increase of 41 percent.

Allwyn also disclosed that Cohn Robbins Holdings shareholders had approved a proposal to extend the date by which CRHC must complete the SPAC merger combination from September 11 to December 11, 2022.

CRHC and Allwyn will now benefit from additional flexibility to complete the business combination. “We appreciate the support of CRHC shareholders in approving the business combination with Allwyn,” CRHC notified investors.

“With the additional time our shareholders have provided, we are working diligently to complete the business combination with Allwyn as expeditiously as possible.”