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flag UK National Lottery operator Allwyn merges with Greece’s OPAP in £13.9B all-share deal to form global gaming giant.

flag Allwyn International, operator of the UK National Lottery, has agreed to merge with Greece’s OPAP in a £13.9 billion all-share deal, creating a new global gaming company also named Allwyn. flag The merged entity, headquartered in Switzerland, will retain OPAP’s Athens listing and pursue a secondary listing in London or New York. flag Allwyn will own 78.5% of the new company, with OPAP holding 21.5%, and the combined business will become the world’s largest listed lottery firm and second-largest listed gaming company. flag The deal, expected to close in early 2026, aims to drive innovation and international expansion through shared technology, content, and a unified brand. flag Czech investor Karel Komarek’s KKCG will remain the largest shareholder.

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