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Allwyn International AG has announced a decisive shift in its business strategy, divesting land‑based casino assets in Germany and Australia to concentrate on its growing digital gaming ambitions. On July 1, the company completed the sale of 10 casinos in Lower Saxony, Germany, generating €67.7 million in proceeds—consisting of a €15.2 million dividend upstreamed earlier in June and €52.5 million received upon sale. These German establishments recorded total revenues of €126.4 million in 2024.

Shortly after, on July 11, Allwyn accepted an offer for its 42% stake in the Reef Hotel Casino in Cairns, Australia, owned through Reef Casino Trust. This deal is expected to yield approximately €54 million, with completion anticipated in the first half of 2026, once regulatory approval and sufficient unitholder acceptance are confirmed. Together, these transactions are projected to deliver around €105 million in gross proceeds.

The timing of this asset divestiture aligns with a broader trend: Allwyn’s transition from physical venues to digital platforms. The sales help fund the recent acquisition of the remaining 15.51% stake in Stoiximan by its subsidiary OPAP, valued at €191.6 million. Stoiximan, a leading sports-betting and iGaming provider in Greece and Cyprus, reported a remarkable 27% gross gaming revenue increase in 2024. Stoiximan CEO Nikos Fligos remarked, “This milestone marks a new chapter in Stoiximan’s journey... shaping the future of online gaming in Greece and Cyprus”.

Financially, Allwyn is riding a wave of digital momentum. In Q1 2025, digital revenue surged 15% year-on-year and represented 39% of total gross gaming revenue—strong evidence of their shifting focus. Complementing these moves is a robust capital structure: the company secured a €2.15 billion senior facilities agreement and issued €500 million in secured notes to refinance existing debt and support future growth.