Camelots successor, Allwyn, recorded a stellar performance in the July-September period of 2022. Their overall income from wagering activities, termed as gross gaming revenue (GGR), witnessed an 11% surge year-on-year, hitting an impressive €958.6 million (approximately $994.3 million!).
Furthermore, they declared a substantial rise in their adjusted EBITDA, a key profitability indicator, which reached €319.9 million, representing a 10% increase from the preceding year. This positive trajectory can be primarily credited to their thriving internet-based sales in the Czech Republic, where a noticeable transition towards digital platforms has been observed.
This announcement follows Allwyn’s formal acquisition of the fourth UK National Lottery permit, set to commence in February 2024. This event generated considerable interest, resulting in a spike in Allwyn’s share value.
Robert Chvatal, the Chief Executive Officer of Allwyn, conveyed his contentment with the company’s results, emphasizing their steady internal expansion and the robust appetite for their offerings. He also underscored the encouraging advancements made in broadening their footprint, particularly within the UK. In essence, Allwyn is experiencing a period of prosperity, with a future that appears exceptionally promising.
Our earnings continue to impress, and our unrestricted funds remain robust. This truly highlights our commitment to cost management and prudent financial practices. Furthermore, we are on the cusp of achieving two significant objectives in the British market as we approach the upcoming quarters – expanding our lottery operations to a sixth national market.”