Allwyn International together with its subsidiaries, joint ventures and associates has provided an update on trading for the period ended 30 September 2025, concurrent with the launch of an offering of a USD-denominated Term Loan B in the principal amount of USD 1,640 million by Allwyn Entertainment Financing (US) LLC.

Proceeds from the Offering will be used to finance the planned acquisition of PrizePicks and related fees and expenses. On 22 September 2025, Allwyn announced it had entered into a definitive agreement to acquire approximately 62.3% of PrizePicks, the largest daily fantasy sports operator in North America.

The initial cash consideration is USD1.6 billion, subject to customary post-closing adjustments and based on an expectation of nil cash and nil debt.

The transaction is expected to close in the first quarter of 2026, subject to the satisfaction of certain closing conditions, including notifications to and/or approvals from applicable regulatory authorities.