Pan-European lottery operator Allwyn AG has officially finalized its structural cross-border conversion, completing the formal relocation of its registered legal office from Luxembourg to Switzerland.
The legal transition marks the definitive operational step following the company’s massive corporate merger with Greek gaming giant OPAP.
Bringing Legal Positioning and Operational Headquarters into Alignment
The cross-border conversion has been in active development since the corporate combination was first made public in October 2025 and subsequently completed in March 2026. While Allwyn maintains its historical foundational roots within the Czech Republic, the enterprise was previously domiciled in Luxembourg for tax and corporate purposes. However, the group’s central operational headquarters and executive suites have been based permanently in Lucerne, Switzerland, since 2020.
This intense period of growth spanned the group’s full corporate rebranding from Sazka to Allwyn. Following the close of the OPAP transaction, corporate leadership prioritized moving the legal domicile to a logical jurisdiction to ensure administrative efficiency. Under the finalized framework, the organization retains its unified corporate name of Allwyn AG, while successfully preserving OPAP’s active public listing on the Euronext Athens exchange, bringing legal, corporate, and operational tracks into alignment for the first time.
The final corporate approvals were secured during the group’s first concurrent Ordinary General Meeting (OGM) and Extraordinary General Meeting (EGM) executed since the close of the business combination, where shareholders voted unanimously to approve the structural exit from Luxembourg. The corporate combination has immediately established the newly integrated Allwyn AG as one of the largest publicly listed gaming entertainment conglomerates globally by market capitalization.
The transaction expands upon a long-standing investment path managed by Allwyn’s controlling shareholder, KKCG, which initially invested capital into the Greek national lottery operator in 2013 and already commanded a 51.78% equity stake in OPAP prior to initiating the merger. The deal successfully fulfills Allwyn’s long-held strategic objective to achieve a high-volume public listing.
While the Athens-listed shares experienced a downward trend since Q4 2025, yielding a 33% year-to-date contraction, the market shows early signs of a structural turnaround, with the stock gaining 6% over the last five trading days as the Swiss relocation was finalized.
Executing the Final Step of the Combination
Allwyn’s executive board confirmed that the successful finalization of the cross-border conversion to Switzerland brings total legal resolution to the international transaction:
“This resolution constitutes the final step in the implementation of the previously announced business combination transaction with OPAP.”
