Allwyn Records 23% Revenue Surge in Q2 Driven by Organic Growth and Strategic Acquisitions
Premier lottery provider, Allwyn, has announced a substantial 23% surge in its gross gaming revenue (GGR) for the second quarter of 2022, achieving €901.7 million (US$895.5 million).
This remarkable expansion was driven by a blend of inherent growth and the resumption of typical operations in numerous regions as physical locations fully reopened following pandemic-induced closures. Significantly, Allwyn experienced robust results in its digital platforms, especially in the Czech Republic where online transactions now constitute 44% of overall GGR.
The organization also emphasized its dedication to external growth, referencing its purchase of a 36.75% share in Kaizen Gaming, proprietor of the Stoiximan and Betano brands, and its ongoing arrangements to assume control of the UK National Lottery’s operations.
Robert Chvatal, Chief Executive Officer of Allwyn, conveyed his contentment with the company’s achievements, remarking, “We have attained another solid set of financial outcomes in Q2 2022 and sustained positive headway on crucial strategic endeavors across both our intrinsic and extrinsic growth approaches.”
Continuous improvement, a rapidly expanding internet sports wagering and online gaming enterprise leveraging exclusive gaming innovations, was established by the identical group that originated Stoiximan.
“Functioning under the brand designation Betano, the organization maintains a footprint in seven territories, with notably robust standings in Romania and Portugal, and is swiftly scaling in Brazil. I have been considerably impressed with the team’s accomplishments thus far at Stoiximan and am enthusiastic about the prospective capabilities of Betano,” remarked an individual acquainted with the purchase.
The acquisition remains contingent upon regulatory clearances and is projected to finalize in the concluding quarter.
This identical insider appended: “Holistically, I am highly content with Allwyn’s fiscal performance and strategic advancements during the quarter, and I am optimistic and eager about the forthcoming quarters and an exceptionally promising future.”
Throughout the half-year concluding June 30, 2022, Allwyn declared gross gaming proceeds of €1.77 billion, signifying a 41% year-over-year surge. Net gaming proceeds ascended 50% to €1.08 billion, and adjusted EBITDA climbed 45% to €543.8 million.
In June, it was disclosed that departing National Lottery permit holder Camelot witnessed a record second-highest sum ever amassed for charitable endeavors, notwithstanding a £283 million ($347 million) decline in ticket transactions during the 2021/22 fiscal period.