Novibet is an established gaming operator with its own technology stack, which has more than 1,000 employees across hubs in Malta, Greece and Brazil and a market presence in Brazil, Cyprus, Greece, Ireland, and Mexico, among other markets. Novibet’s strong customer proposition is supported by its focus on superior product innovation, a data-driven offering, the speed and scalability of its infrastructure, localised content and responsible gaming.

Allwyn’s acquisition of Novibet enhances the group’s technological capabilities as well as strengthening its capabilities in the online sports betting and gaming markets, continuing Allwyn’s strategy of making selective acquisitions in relevant products, technologies and content to support its growth. In line with this strategy, earlier this year, Allwyn acquired a majority stake in Instant Win Gaming, a leading provider of eInstants to lotteries worldwide.

The success of Novibet has been driven by its founding management team, who will remain in charge of operating the business after the transaction has completed. Novibet will continue to operate as a separate business, under its existing brand and management team.

The investment in Novibet is anticipated to close in the second half of 2025 after receipt of all relevant legal and regulatory approvals, with an estimated initial cash consideration of €217 million (subject to customary closing adjustments), plus up to €110 million in potential future earnouts based on performance.

Robert Chvatal, CEO of Allwyn, said: ”Novibet has demonstrated expansion across multiple markets, and an ability to innovate, which will strengthen our momentum and enhance our offer to players.

“The innovation potential of this transaction is substantial as we look to give our customers access to the very best experience in online sports betting and gaming. Novibet has a world-class team and we look forward to capitalising on the international opportunities ahead.”

George Athanasopoulos, CEO of Novibet, added: “Joining Allwyn marks the start of an exciting new chapter for Novibet. Allwyn’s dedication to growth opportunities was a key factor in our decision, and we look forward to combining their extensive resources and expertise with our leading technology and operational experience. This partnership will accelerate our ability to develop proprietary solutions, expand our product offering, and extend our success to a much larger international audience at a faster pace. We also want to recognize the passion and dedication of the entire Novibet team, whose unwavering commitment to our long-term vision has been integral to reaching this milestone. With their continued support, we remain committed to delivering exceptional value for both our customers and our shareholders.”

ENDS

Notes to editors

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About Allwyn Allwyn is a leading multi-national lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands across Europe in Austria, Czech Republic, Greece and Cyprus, Italy, the United Kingdom, and the United States (Illinois). https://www.allwyn.com/

About Novibet Novibet is an established gaming technology company operating in Europe and Latin America (Greece, Brazil, Ireland, Italy, Mexico, Chile, Ecuador, Canada), with tech hubs in Europe (Greece & Malta) and 1,000+ employees across all countries of operation. Since 2010, it has been committed to delivering the best online sports betting and online gaming experience to its customers. Novibet has its own proprietary betting platform that integrates leading official data providers; its own algorithms generating an extensive betting offer that includes In Play and Minute markets; in-house developed Automatic and Hybrid Cash-Out options; quick settlement of bets; and offers unparalleled excitement to sports enthusiasts. As an innovative and adaptable operator, Novibet has a product offering that is constantly evolving to meet upcoming trends.

Forward-Looking Statements This announcement may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operation, financial condition, liquidity, prospects, growth, strategies, pending acquisitions or other transactions (including regarding the completion of the announced investment in Novibet), financing plans and the industries in which we operate.

These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as “may,” “could,” “should,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “assume,” “believe,” “plan,” “seek,” “continue,” “target,” “goal,” “would” or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the annual report published by Allwyn International a.s. and other documents we publish on our website. Most of these factors are outside our control and are difficult to predict.

We do not undertake any obligation to review, update or confirm expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this document.