Allwyn will not gain as numerous ballot rights in OPAP following the forthcoming merger of the two companies as originally prepared.
Some particular conditions around the merger in between the worldwide lottery game operator and the Greek wagering, gaming and lotto group have actually been altered.
Initial terms of the merger contract saw KKCG Group safe 85% voting interest in the combined entity as an outcome of Allwyn's shares in OPAP being enlarged from 51.78% to 78.5%.
However, revised terms have now seen the types of shares held by Alllwyn changed - rather of preference shares with enhanced ballot rights, it will now only receive ordinary shares.
As a result, KKCG's voting interest in the Allwyn-OPAP combined entity will drop from 85% to 75.1% - the like the number of shares it will keep in the joint enterprise. In addition, Allwyn's portion of shares will remain at 78.5% despite the change in ballot rights.
In the grand plan of things, this modifications extremely little bit as the Czech-based investment group stays the majority stakeholder.
Aside from voting rights, the merger in between Allwyn and OPAP is proceeding as prepared, with the combined business still set to run as an Athens Stock Exchange-listed service and continue running in its current suite of markets.
In a statement on the matter, Allwyn asserted that 'the removal of the contemplated issuance of choice shares highlights the dedication of Allwyn and OPAP to continuing the long-term collaboration with existing financiers'.
The decision was made at an Amazing General Meeting (EGM), but has yet to be authorized by shareholders in both business. OPAP's board has actually already approved the measure, with its EGM scheduled for 7 January 2026.
The relocation shows that the Allwyn-OPAP merger is well on the way to completion, despite any changes to particular terms. The offer will further establish Allwyn as the world's second largest gaming business by market cap, after Flutter Entertainment.
M&A has been the specifying feature of Allwyn's 2026 technique, with the OPAP merger being announced just a month after it acquired US day-to-day fantasy sports (DFS) platform PrizePicks for $1.6 bn. PrizePicks would start a growth into prediction markets shortly after.