URGENT UPDATE: Allwyn has just finalized its acquisition of Stoiximan, acquiring the remaining shares for EUR 191.6 million ($223.5 million). Simultaneously, the company has divested its casino assets in Australia and Germany, signaling a significant shift toward an online gaming focus.
The acquisition, confirmed by Allwyn officials, allows the company to fully integrate Stoiximan, which has shown impressive growth—reporting a 27% increase in gross gaming revenue in 2024 alone. This strategic move is expected to close later this year and enhances Allwyn’s portfolio amidst a rapidly evolving gaming landscape.
In tandem with this acquisition, Allwyn is divesting its land-based casino operations. On July 1, the company sold its casino operations in Germany, which included 10 casinos in Lower Saxony, generating gross proceeds of EUR 67.7 million ($79 million). This sale included a EUR 15.2 million ($17.8 million) dividend and EUR 52.5 million ($61.3 million) from the sale proceeds.
A week later, on July 11, Allwyn accepted a bid for its Reef Hotel Casino complex in Cairns, Australia, expecting to receive approximately EUR 54 million ($63 million). This sale is anticipated to finalize in the first half of 2026, pending shareholder approval.
These transactions are part of Allwyn’s strategy to bolster its online gaming operations while shedding physical assets. The company reported an expected total gross from these sales of EUR 105 million ($122.5 million), further solidifying its focus on digital growth.
Additionally, Allwyn recently secured a substantial financing package of EUR 2.15 billion from a consortium of leading banks, designed to mitigate challenges in the UK market. This package, which includes term loans and a revolving credit facility, is structured for a five-year maturity.
As Allwyn continues to navigate this transformative phase, the implications for the online gaming market and the company’s future growth prospects are significant. Keep an eye on further updates as Allwyn accelerates its strategic evolution in the gaming sector.
