OPAP offloads Betano stake to Allwyn Investments


Allwyn AG further to its announcement dated 20 April 2022, announces that OPAP Investment Limited a wholly owned subsidiary of OPAP S.A. transferred 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.

Allwyn International aggregate consideration is €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”.