Global lottery and gaming operator Allwyn has announced it will acquire the remaining 15.51% stake in Greek gaming and betting giant Stoiximan gr.
The transaction, valued at €191.6 million on a cash-free, debt-free basis, will be carried out through Allwyn’s OPAP subsidiary and will give the company 100% ownership.
Nikos Fligos, CEO of Stoiximan gr, hailed the milestone as a “new chapter” in the company’s journey, reaffirming its commitment to delivering outstanding customer experiences and shaping the future of online gaming in Greece and Cyprus. The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals.
This move to consolidate its ownership of a key digital asset is part of a much broader strategic reshaping for Allwyn, as the company simultaneously divests from its land-based casino operations across the globe.
Earlier this month, the company completed the sale of its entire German casino portfolio, which consisted of 10 properties in Lower Saxony, for expected gross proceeds of €67.7 million.
Furthermore, Allwyn has also entered into an agreement to sell its 42% stake in the Reef Hotel Casino in Cairns, Australia, for approximately €54 million, with that transaction expected to close in the first half of 2026.
These divestments signal a clear strategic pivot, streamlining Allwyn’s focus towards its core lottery and high-growth digital gaming businesses. The financial maneuvers will lead Allwyn to restate certain balance sheet items, reflecting a previously reported liability of €205.6 million with a corresponding adjustment to equity.
The company has clarified that this change is purely an accounting adjustment and does not affect its income or cash flow statements. The funds for the Stoiximan acquisition form part of a larger €2.15 billion syndicated credit facility secured by Allwyn with global investors.
