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US – Allwyn eyes NYSE listing with CRHC merger

Allwyn Entertainment’s merger with Cohn Robbins Holdings Corp. has been declared effective by the U.S. Securities and Exchange Commission.

Upon closing, the combined company is expected to be listed on the New York Stock Exchange with its Class B ordinary shares and warrants under the new ticker symbols “ALWN” and “ALWN.WS,” respectively.

CRHC believes the global lottery industry has attractive characteristics, including high consumer participation across wide demographics, resiliency through market cycles and upside potential from increasing online penetration.

Allwyn operates lotteries through both retail and online channels in multiple European countries, including Austria, the Czech Republic, Greece, Cyprus and Italy. CRHC believes Allwyn is well-positioned to grow through both ‘organic and inorganic’ growth opportunities.

Allwyn’s UK business, Allwyn Entertainment Ltd, was selected by the UK Gambling Commission as the preferred applicant in the competition for the fourth licence to operate the UK National Lottery.