Next-up UK lottery operator’s strong quarter

Despite “weaker general consumer sentiment,” Allwyn’s second quarter is showing 23 percent more GGR than in the same quarter of last year.

Turnover for the big gambling group was £902m in the quarter, said Allwyn in an announcement of preliminary unaudited financial results.

The total reflected “continued organic growth and a more normalised operational environment in certain geographies after full reopening.”

Adjusted EBITDA was €277m for the group that is preparing to take over as the operator of the UK’s National Lottery.

The company also noted that there was continued strong growth in online sales, contributing 44 per cent of GGR in the Czech Republic, compared with 38 per cent in the same period of last year.

Net gaming revenue was €550.9m (€444.9m) and for the year €1.08bn (€723.6m), up 50 per cent on the first half of 2021.