Allwyn, a prominent lottery corporation, announced a substantial 23% surge in gross gaming revenue (GGR) for the second quarter of 2022, achieving €901.7 million (US$895.5 million).
This expansion was driven by a stabilization in numerous markets and sustained natural growth throughout all of Allwyn’s enterprises. Lucrativeness stayed robust, with net gaming revenue (NGR) ascending by 24% year-on-year to €550.9 million and adjusted EBITDA expanding by 17% to €277.1 million.
Allwyn underscored the impressive results of its digital platforms, especially in the Czech Republic where internet-based transactions now constitute 44% of overall GGR.
The organization also emphasized its dedication to external growth through mergers and bids. This encompasses their ongoing arrangements to assume control as the administrator of the UK National Lottery.
Robert Chvatal, Allwyn’s Chief Executive Officer, conveyed his contentment with the firm’s accomplishments, emphasizing both the solid financial outcomes and the advancements made on crucial strategic endeavors. He also noted the accord reached with OPAP to procure a 36.75% share in Kaizen, further solidifying Allwyn’s standing within the gaming sector.
Betano, a rapidly expanding online sports wagering and iGaming enterprise utilizing its own exclusive technology, was established by the identical group that launched Stoiximan.
They function under the Betano trademark and are currently operational in seven markets. Their position is particularly robust in Romania and Portugal, and their footprint in Brazil is expanding swiftly. The achievements this group has already attained with Stoiximan have been truly remarkable, and I am eager to witness their accomplishments with Betano.
The purchase still awaits approval from regulatory bodies, but we anticipate its completion in the final quarter.
On the whole, I am quite satisfied with Allwyn’s fiscal performance and strategic advancements this quarter,” added [presumably someone like Allwyn’s CEO, whose name would have been mentioned earlier in the full text]. “I possess confidence in the upcoming quarters and the promising future that lies ahead.”
For the six-month period concluding on June 30, 2022, Allwyn’s gross gaming revenue (GGR) reached €1.77 billion, reflecting a 41% surge year-on-year. Net gaming revenue (NGR) experienced a 50% growth, reaching €1.08 billion, while adjusted EBITDA climbed by 45% to €5.438 billion.
In June, Camelot, the former holder of the National Lottery permit, disclosed that despite a £283 million ($347 million) decline in lottery proceeds during its 2021/22 fiscal year, it nevertheless generated the second-highest sum ever for charitable endeavors.
