National Lottery Operator Allwyn Acquires Full Ownership of Stoiximan in €191.6m Deal

Allwyn, the UK’s National Lottery operator, has agreed to acquire the remaining 15.51% stake in Stoiximan for €191.6 million ($208.7 million), bringing its total ownership to 100%. The deal, which is being executed through Allwyn’s OPAP subsidiary, is structured on a cash-free, debt-free basis, subject to a net cash adjustment. The transaction is expected to close in Q3 2025, pending regulatory approval in Cyprus.

This strategic move strengthens Allwyn’s position in the Greek and Cypriot online gaming markets, where Stoiximan is already a leading brand.

Nikos Fligos, CEO of Stoiximan, commented:

“This milestone marks a new chapter in Stoiximan’s journey. With the dedication and passion of our 300-strong team, who are the driving force behind our market leadership, we remain fully committed to delivering outstanding experiences to our customers, shaping the future of online gaming in Greece and Cyprus.”

In parallel, Allwyn is exiting its land-based casino operations. Earlier this month, the company completed the sale of its German casino portfolio — 10 venues in Lower Saxony — for expected gross proceeds of €67.7 million. It has also agreed to sell its 42% stake in the Reef Hotel Casino in Cairns, Australia, in a deal worth approximately €54 million, expected to close in the first half of 2026.

As part of these changes, Allwyn will restate certain balance sheet items. A previously reported liability of €205.6 million (as of 31 March) will now be reflected with a corresponding adjustment to equity. The change will not impact income or cash flow statements.

The Stoiximan deal and asset divestments reflect Allwyn’s continued focus on digital growth and strategic optimisation across its global gaming portfolio.

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