Allwyn treasury shares rise to 44.55 million after distribution

Multinational gaming entertainment company Allwyn AG now holds 44,555,882 of its own shares, equivalent to 5.52 per cent of its issued share capital, following the completion of its interim distribution scrip option. The company announced that 271,883 treasury shares had been credited to the securities accounts of eligible shareholders who chose to participate in the option. The completion of the process has left Allwyn holding the remaining shares in treasury, representing 5.52 per cent of its total issued share capital. The announcement comes as Allwyn pursues a broader strategy to take greater control of the technology and content underpinning its betting and gaming operations. Earlier this week, the company agreed a €50 million deal with sportsbook technology provider Kambi Group, giving it access to Kambi’s sportsbook source code through a global perpetual licence. The agreement is intended to allow Allwyn to develop and operate its own betting platform, reducing its reliance on an external technology provider and strengthening its ability to shape product development and operations. Allwyn is also planning to acquire full ownership of digital games supplier Instant Win Gaming (IWG), as part of efforts to bring key technology and content capabilities in-house. The company has said the transactions support its strategy of improving product innovation and operational flexibility, while strengthening the foundations for long-term growth. Allwyn, which also operates in Cyprus, has a substantial sports betting presence across several markets, generating more than €800 million in gross gaming revenue from its sports betting activities.