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OPAP Cyprus Rebrands As Allwyn To Cement Global Connections

Strategic Rebranding for a New Era

OPAP Cyprus has announced a major rebranding initiative, set to take effect in January 2026, as the company transitions to operate under the Allwyn name. This strategic move is designed to bolster its market presence, enrich customer engagement, and align more closely with its international parent group.

Unveiling the Transformation

During a recent event, company executives and retail network partners were introduced to the new commercial identity. CEO Alexandros Davos, alongside senior leadership, outlined the comprehensive strategy behind the transformation. Emphasizing the substantial market footprint OPAP Cyprus has cultivated, Davos noted that the rebranding to Allwyn represents a forward-looking commitment to innovation, expansion, and the integration of global best practices.

Driving Growth and Enhancing Customer Experience

The decision to rebrand was the result of an in-depth analysis of market trends, particularly the need to better connect with younger customer demographics. By leveraging the modern and internationally recognized Allwyn brand image, the company aims to refresh its market presence in Cyprus while preserving its deep roots in the local community. Key initiatives will include store upgrades and enhanced interactive experiences, ensuring that the transition is both progressive and customer-centric.

Continued Commitment to Core Values and Community

Despite the change in branding, the identity of flagship games such as Tzoker, Lotto, and Kino will remain intact, assuring customers of the continuity they have come to trust. In addition, OPAP Cyprus reaffirms its dedication to responsible gaming and comprehensive player protection measures.

Preserving Social Impact

The company will maintain its significant social footprint in Cyprus, with ongoing initiatives in health, sport, education, culture, and support for vulnerable groups. Furthermore, the rebranding will benefit from Allwyn’s prominent international partnerships, including high-profile sponsorships in Formula 1 and collaborations with the McLaren team.

Expanding Global Horizons

The rebranding comes on the heels of a landmark merger between Allwyn and OPAP, announced in October 2025, which created a global gaming group valued at €16 billion. This merger synergized OPAP’s strong market presence in Greece and Cyprus with Allwyn’s expanding international portfolio, positioning the group as one of the world’s leading operators in lottery and gaming across Europe, North America, and beyond.

Looking Forward

The rebranding to Allwyn signals a deliberate step towards embracing global opportunities while building on the storied legacy of OPAP Cyprus. By integrating international insights and local expertise, the company is poised to deliver enhanced growth, innovation, and a dynamic entertainment experience to its customers.

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

Uol
The Future Forbes Realty Global Properties
Aretilaw firm
eCredo

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