Allwyn Reports Strong Q3 2022 Results Ahead of UK Lottery Launch

Allwyn, the organization set to assume control of the UK National Lottery, experienced a remarkable third quarter in 2022. Their overall wagering income reached €958.6 million (roughly $994.3 million), signifying a notable 11% increase contrasted with the corresponding timeframe the previous year.

This expansion was driven by several elements, including a substantial rise in digital transactions in the Czech Republic, one of Allwyn’s primary territories. The corporation also witnessed its share price climb after formally obtaining the fourth UK National Lottery permit, scheduled to commence in February 2024.

Robert Chvatal, Allwyn’s Chief Executive Officer, was justifiably content with the outcomes, remarking that the firm’s robust performance demonstrates the strength of its operational framework and the lasting allure of its offerings. He further emphasized the company’s continuous dedication to expansion, both internally and through tactical mergers and acquisitions.

Committed to maintaining a robust profit margin and producing substantial free cash flow. This demonstrates our lean cost base and our emphasis on cost control and prudent capital allocation. Additionally, we are commemorating two significant achievements in the United Kingdom. We are on the verge of initiating our lottery business there, expanding our presence to six markets, with the third and fourth quarters marking the commencement.”