All In Group Acquires Controlling Stake in Greek Gaming Giant OPAP
The All In Group has strengthened its hold on the Greek gaming powerhouse, OPAP, by purchasing the outstanding minority shares of Sazka. This action elevates All In’s financial stake in OPAP from 41.2% to 48.1%, effectively granting them controlling interest. The transaction, which appraises OPAP at roughly €3.274 billion (or $3.715 billion), signifies a 10% increase over Sazka’s net liabilities and operational capital. All In funded the acquisition through a blend of cash holdings and a recent €600 million bond offering. This calculated maneuver highlights All In’s goal to lead the European gaming market, especially in the profitable Greek lottery and amusement arena. Robert Chvatal, Chief Executive of All In Group, lauded the purchase as a “major achievement” and a demonstration of their dedication to expanding ownership in operational firms. He stressed that this finalizes a string of acquisitions over the last three years, culminating in complete ownership of SAZKA Delta.
Our investment in OPAP has seen substantial growth through two primary avenues: electing to receive dividends in the form of equity and acquiring additional shares on the public market. This approach has elevated our ownership from 23.7% in 2018 to a majority stake of 48.1% presently. We are pleased with OPAP’s recent achievements and optimistic about its capacity for further triumphs in the future.
Speculation is circulating that Allwyn may appoint former Sainsbury’s chief executive Justin King to oversee their UK lottery endeavors.
