Allwyn Entertainment To Go Public Through Merger With Cohn Robbins Holdings Corp.

The United States Securities and Exchange Commission (SEC) has approved a business combination between Allwyn Entertainment and Cohn Robbins Holdings Corp. (CRHC). This action allows Allwyn, a prominent lottery operator, to transition into a publicly listed entity.

The amalgamation, pending endorsement from CRHC stakeholders, is projected to conclude later this year. A dedicated assembly is slated for September 7th, 2022, where CRHC stakeholders will submit their ballots.

Should all proceed as anticipated, the freshly consolidated corporation will be listed on the New York Stock Exchange using the ticker symbol “ALWN.”

CRHC’s governing body is encouraging its investors to support the merger. They envision a promising outlook for the worldwide lottery sector, highlighting its widespread popularity, ability to withstand challenging economic periods, and the expansion possibilities within online lottery offerings.

A significant contender in the international lottery sector, Allwyn, is targeting the UK. Their extensive footprint in various European nations, such as Austria, the Czech Republic, Greece, Cyprus, and Italy, demonstrates their familiarity with the lottery landscape. The UK Gambling Commission has now designated them as the favored candidate to assume control of the National Lottery license from Camelot, the current operator for nearly thirty years.