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Allwyn International AG and OPAP S.A. Formally Approve Merger

by THEFUTURE.TEAM

Strategic Merger Paves The Way For Global Dominance

Allwyn International AG and OPAP S.A. have formally approved a merger via an all-share transaction valued at €16 billion. This strategic alliance positions the combined entity as the world’s second-largest listed lottery and gaming operator, reinforcing its global stature while remaining listed on the Athens Stock Exchange.

A New Chapter In Market Leadership

The forthcoming company, set to be renamed Allwyn, is expected to rank among the largest by market capitalisation. In addition to its steadfast presence in Athens, the entity plans an additional listing on a major international exchange, such as London or New York, to further broaden investor access and market reach.

Historical Partnership and Growth Trajectory

This merger builds on a successful collaboration that began in 2013, when KKCG, Allwyn’s controlling shareholder, first invested in OPAP. Allwyn’s current stake of 51.78 percent in OPAP underscores the deep-rooted synergy between the companies. With a robust track record of both organic and inorganic growth, Allwyn has effectively navigated market expansions through strategic and bolt-on acquisitions.

Enhanced Financial Fundamentals And Technological Edge

The integration is expected to deliver a pro forma EBITDA of €1.9 billion for the 12 months ending June 30, 2025, positioning the merged company as the largest listed lottery operator globally. With projected double-digit EBITDA growth between 2024 and 2026, the transaction promises significant accretion to OPAP’s earnings per share and free cash flow per share. Moreover, with proprietary technologies, content, and AI capabilities, the combined entity is set to drive faster innovation and reduce reliance on third parties.

Transaction Mechanics And Future Outlook

Under the new structure, OPAP will transfer its business into newly created Greek subsidiaries and adjust its statutory seat to Luxembourg through the formation of LuxCo. Subsequent re-domiciliation to Switzerland will align with Allwyn’s headquarters. The merger not only fortifies market diversification but also lays the foundation for resilient shareholder returns under a strategic capital allocation framework that balances growth investments with stable dividends.

Board Leadership And Strategic Vision

With leadership continuity—Robert Chvatal as CEO and Kenneth Morton as CFO—the combined board, chaired by Karel Komarek, will comprise a blend of seasoned executives from both companies. This merger is designed to accelerate innovation and global expansion, reflecting a unified strategy to capitalize on market opportunities and sculpt the future of gaming entertainment.

Conclusion

For investors and industry observers alike, this merger represents a pivotal development in the gaming landscape. The combined company not only strengthens its global footprint but also leverages superior technological capabilities and robust financial metrics to remain at the forefront of a rapidly evolving sector.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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