Header ad1 Alotsystems
Header ad3 Jumbo Interactive
Header ad2 Carmanah Signs Inc.

Transfer of OPAP’s Minority Stake in the Betano Business

January 1, 2023 | Financial

Lucerne Switzerland (December 27, 2022) — Allwyn AG (“Allwyn”), further to its announcement dated 20 April 2022, announces that OPAP Investment Limited (“OPAP Investment”, a wholly owned subsidiary of OPAP S.A.) transferred today its 36.75% minority interest in the business activities of Kaizen Gaming Limited outside Greece and Cyprus (the “Betano Business”) to Allwyn Investments Cyprus Limited, a fully owned indirect subsidiary of Allwyn International a.s., for an aggregate consideration of €74,243,013 (including adjusted net cash).

Additionally, as previously announced, OPAP Investment will receive earnout payments based on Betano Business’ performance.

OPAP retains its 84.49 % combined stake and sole control over Stoiximan Limited and its online gaming business in Greece and Cyprus under the brand “Stoiximan”.

SOURCE: Allwyn AGAllwyn AG.

Tags: , , ,
Left Sidebar – Calendar
Left Sidebar – Jobs
Left Sidebar – Insights
Left Sidebar – NASPL MATRIX
Left Sidebar – NASPL
Left Sidebar – WLA
Left Sidebar – EL
Left Sidebar – CIBELAE
Left Sidebar – APLA

Want to know more than the headlines?

Subscribe

Right Sidebar – Carmanah Signs
Right Sidebar – Pacific Lottery Network
Right Sidebar – Responsible Wagering Australia
Right Sidebar – AGS
Right Sidebar – American Gaming Association
Right Sidebar – MUSL
Right Sidebar – MegaMillions
Right Sidebar – European Gaming and Betting Association
Right Sidebar – Jumbo Interactive
Right Sidebar – Powerball
Right Sidebar – Jumbo Interactive
Right Sidebar – GBGC