Allwyn Reports GGR of €901.7 Million in Q2
Allwyn, the global lottery operator, has reported gross gaming revenue (GGR) of €901.7 million for Q2 2022, a 23% increase year on year. According to the operator, the increase reflects the return to normal operations in many regions following the end of coronavirus restrictions and the reopening of retail venues.
Net gaming revenue (NGR) for Q2 was up 24% year-on-year to €550.9 million and consolidated adjusted EBITDA was up 17% to €277.1 million.
The company pointed out that it has continued to enjoy strong growth online. Its online vertical was responsible for 44% of GGR in the Czech Republic, up from 38% in the same period last year.
Allwyn is also pursuing a number of acquisitions and it is preparing to take over as the operator of the UK National Lottery once the UKGC confirms the awarding of the fourth license.
I am pleased to report that in the second quarter of 2022, Allwyn delivered yet another set of strong financial results and continued to make good progress on key strategic initiatives as part of our organic and inorganic growth strategies. We reached an agreement with OPAP to acquire OPAP’s 36.75% interest in Kaizen. Kaizen is a fast-growing online sports betting and iGaming operator using proprietary gaming technology, founded by the same team that founded Stoiximan. The company operates under the Betano brand and is present in seven markets, with a particularly strong presence in Romania and Portugal and a rapidly growing business in Brazil. I have great admiration for what the team has achieved at Stoiximan and am excited about the future of Betano.
Chvatal added that he is “very pleased” with Allwyn’s performance and that he is confident about the company’s future.