Record revenue for Allwyn in Q3

Allwyn Entertainment Group posted gross gaming revenue of €958.6m for Q3 2022 ahead of the acquisition of Camelot.

The figure is the company’s highest-ever quarterly GGR and showed growth of 11 per cent year-on-year. Meanwhile, EBITDA was €319.9m, up 10 per cent over the same period.

Allwyn added that its online arm is channelling significant growth, with that side of the business generating 46 per cent of GGR in the Czech Republic compared with 39 per cent in Q3 2021.

Robert Chvatal, CEO of Allwyn noted the recent “milestones” in the UK have helped growth – the planned acquisition of Camelot after the awarding of the fourth licence to operate the National Lottery for a decade from February 2024.

“Common ownership of the operators of both the third and fourth Licences will help ensure the successful delivery of the National Lottery both in 2023 and over the next decade,” Chvatal said.

Chvatal added that the online sales growth in the Czech Republic was a sign of “good progress” across the board in the online channel, with Allwyn posting another record quarter for such sales in the region.

And the €1.6bn financing which Allwyn entered into November “positions us well” for the company’s growth targets, the CEO concluded.