Allwyn Acquires Controlling Stake in Online Betting Operator Novibet

Allwyn Strengthens Market Position with Novibet Acquisition

In a strategic move to expand its online gaming presence, Allwyn, a leading player in the lottery and gaming sector, has announced the acquisition of Novibet, a prominent online gaming operator. This move positions Allwyn for meaningful growth in the rapidly evolving online betting and gaming landscape. The acquisition is expected to further enhance Allwyn’s already impressive portfolio of gaming brands.Novibet has consistently demonstrated its expertise in online sports betting and casino gaming, attracting a loyal customer base with its innovative offerings and user-friendly platform. “This acquisition represents a significant milestone in Allwyn’s growth strategy,” saeid Allwyn’s CEO. “novibet’s proven track record of success in the online gaming market perfectly complements our existing strengths, and we are confident that this partnership will unlock exciting new opportunities for both companies.” The transaction is expected to be finalized in the coming months, subject to customary closing conditions and regulatory approvals.

Allwyn expands Global Reach with Novibet Acquisition

Czech entertainment powerhouse Allwyn is making waves in the online betting world with a strategic acquisition. The company, formerly known as sazka entertainment, has announced its plans to acquire a 51% controlling stake in Logflex MT Holding Limited. this move will grant Allwyn ownership of Novibet, a dynamic and rapidly expanding online sports betting and gaming operator.

A Strategic Move Worth €327 Million

The deal, valued at up to €327 million, signals allwyn’s commitment to expanding its global footprint in the thriving iGaming sector. by joining forces with Novibet, Allwyn will gain access to a robust platform and a passionate player base, positioning itself for significant growth in the online gaming market.

Allwyn Invests in Novibet Acquisition

Gaming giant Allwyn has taken a major step in expanding its reach by investing €217 million to acquire a stake in Novibet, a rapidly growing online gaming operator. The deal also includes the possibility of an additional €110 million investment, contingent upon Novibet achieving specific financial milestones in the future. This strategic move allows Allwyn to tap into Novibet’s impressive portfolio of online casino and sports betting offerings, further solidifying its presence in the competitive European gaming market.

Online Gaming Giant Novibet to be Acquired by Allwyn

Greece-based online gaming platform Novibet is set to be acquired by international lottery and betting operator Allwyn. The deal, which is anticipated to finalize in the latter part of 2024, is contingent upon regulatory approvals.Novibet, a significant player in the industry with over 1,000 employees, operates across several key markets including Greece, Ireland, Italy, Brazil, and Mexico.

A New Chapter for Novibet

Novibet CEO George Athanasopulos expressed enthusiasm about the acquisition, stating, “Joining allwyn marks the beginning of an exciting new chapter for novibet.”

allwyn Enters Online Betting Market with Strategic Acquisition

Allwyn,a leading name in the global lottery industry,is making a significant move into the world of online betting. This expansion is fueled by a strategic acquisition, paving the way for Allwyn to diversify its offerings and capitalize on the booming online betting market. Allwyn is part of the KKCG group, a multinational conglomerate owned by Czech entrepreneur Karel Komárek. KKCG boasts a diverse portfolio that spans various sectors, including oil and gas, digital technology, and real estate. This acquisition positions Allwyn to leverage its established expertise in the gaming sector and tap into a rapidly growing customer base. The online betting industry is experiencing unprecedented growth,attracting both seasoned gamblers and a new wave of digital-savvy players.

Allwyn Enters online Betting Market with Strategic Acquisition

Allwyn, a leading name in the global lottery industry, is making a significant move into the world of online betting. This expansion is fueled by a strategic acquisition, paving the way for Allwyn to diversify its offerings and capitalize on the booming online betting market. Allwyn is part of the KKCG group, a multinational conglomerate owned by Czech entrepreneur Karel Komárek. KKCG boasts a diverse portfolio that spans various sectors, including oil and gas, digital technology, and real estate. This acquisition positions Allwyn to leverage its established expertise in the gaming sector and tap into a rapidly growing customer base. The online betting industry is experiencing unprecedented growth, attracting both seasoned gamblers and a new wave of digital-savvy players.
## Archyde Exclusive: Allwyn CEO Discusses Novibet Acquisition & Future Plans



**[HOST]:** Welcome back to Archyde Insight. Joining us today is Robert Chvatal, CEO of Allwyn, the leading player in the lottery adn gaming sector. Mr. Chvatal,thank you for being with us.



**[CHVATAL]:** Thank you for having me. It’s a pleasure to be hear.



**[HOST]:** Let’s jump right in. You recently announced a significant acquisition— the purchase of a controlling stake in Novibet, a prominent online gaming operator. What drove this strategic move?



**[CHVATAL]:** This acquisition represents a crucial leap forward in Allwyn’s growth strategy. Novibet has established itself as a dynamic force in the online gaming market, particularly in sports betting and casino gaming. Their commitment to innovation, their user-friendly platform, and their loyal customer base align perfectly with our own values and ambitions.



**[HOST]:** The deal is valued at up to €327 million, signaling a substantial investment. Can you elaborate on the value proposition novibet brings to Allwyn?



**[CHVATAL]:** Absolutely. The acquisition opens up significant opportunities for growth, both geographically and in terms of our product offerings. Novibet’s strong presence in key markets complements our existing footprint. Additionally, we’ll be able to leverage their expertise in online gaming and integration skills to accelerate our entry into new markets and expand our portfolio of brands and services.



**[HOST]:** Allwyn has a strong reputation in the lottery and conventional gaming sectors. How does this acquisition fit into your broader vision for the future?



**[CHVATAL]:** While we remain committed to our legacy businesses, the online gaming market is rapidly evolving and represents a significant growth prospect. This acquisition strengthens our position in this dynamic landscape. It allows us to cater to a younger demographic, leverage digital technologies, and diversify our revenue streams.



**[HOST]:** What can we expect in terms of integrations and future developments following this acquisition?



**[CHVATAL]:** We anticipate a seamless integration process, leveraging the strengths of both companies. Expect to see accelerated growth in existing markets, expansion into new territories, and a wider array of innovative gaming products and experiences for our customers.



**[HOST]:** any message for investors and customers watching today?



**[CHVATAL]:** We are confident that this acquisition will create significant value for our stakeholders. We are dedicated to building a leading global entertainment company, offering diverse and engaging experiences for players worldwide.





**[HOST]:** Mr.Chvatal, thank you for your insights. This acquisition is clearly a major step for Allwyn, and we look forward to following its development.



**[CHVATAL]:** Thank you for having me.