Allwyn reports 23% increase in Q2 GGR

Home » Allwyn reports 23% increase in Q2 GGR

Allwyn reported consolidated gross gaming revenue (GGR) of €901.7 million ($895.5 million) for the second quarter of 2022, a 23% increase year on year.
According to Allwyn, the increase was due to “continued organic growth and a more normalised operational environment in certain geographies following the full reopening of physical retail business across our operations.”
Net gaming revenue (NGR) increased 24% year on year to €550.9m, while consolidated Adjusted EBITDA increased 17% to €277.1m. Adjusted EBITDA margin fell 3% to 50%.

Allwyn reported continued strong growth in online sales, with its online channel accounting for 44% of GGR in the Czech Republic, up from 38% in the second quarter of 2021.

The group also stated that it is continuing to deliver on its inorganic growth strategies through acquisitions and tender participation, as well as its ongoing preparations to take over as the operator of the UK National Lottery once the Gambling Commission confirms the awarding of the fourth licence.

“I am pleased to report that Allwyn delivered yet another set of strong financial results in the second quarter of 2022 and continued to make good progress on key strategic initiatives as part of our organic and inorganic growth strategies,” said Allwyn CEO Robert Chvatal.

“We reached an agreement with OPAP to acquire 36.75% of Kaizen.” Kaizen, founded by the same team that founded Stoiximan, is a fast-growing online sports betting and iGaming operator that uses proprietary gaming technology.

“The company operates under the Betano brand and has a strong presence in Romania and Portugal, as well as a rapidly growing business in Brazil.” I admire what the Stoiximan team has accomplished and am excited about the future of Betano.”

This transaction is expected to close in Q4 pending customary regulatory approvals.

“Overall, I am very pleased with Allwyn’s financial performance and strategic developments in the quarter, and I look forward to the next quarters and a very bright future,” Chvatal added.

Allwyn reported GGR of €1.77 billion for the six months ended 30 June 2022, a 41% increase over the prior-year period. NGR increased by 50% to €1.08 billion, while Adjusted EBITDA increased by 45% to €543.8 million.

Despite a £283 million ($347 million) drop in ticket sales for the fiscal year 2021/22, previous National Lottery license holder Camelot announced in June that it had raised its second-highest sum ever for good causes.

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