Allwyn, an international lottery company, has announced a robust start to 2023, achieving a 65% revenue surge in the first quarter. This remarkable performance was fueled by the resurgence of their physical retail operations, especially in regions previously affected by COVID-19 limitations, including Greece, Cyprus, Austria, and Italy.
While acknowledging the ongoing volatility caused by the pandemic, Allwyn maintains a positive outlook and remains dedicated to implementing its expansion plan. This encompasses venturing into new territories, such as the UK, where Allwyn has emerged as the frontrunner for the fourth National Lottery concession.
Beyond its solid financial standing, Allwyn has also made notable headway strategically in recent times. The firm unveiled its intention to list publicly in New York via a merger with Cohn Robbins Holdings Corp, a move designed to provide Allwyn with enhanced financial agility and capital to pursue its growth objectives.
Robert Chvatal, Chief Executive Officer of Allwyn International, conveyed his contentment with the company’s accomplishments, remarking, “It brings me great pleasure to share that Allwyn International has commenced the year with strength, generating another series of impressive results and initiating several pivotal strategic endeavors.”
The initial three months of 2022 brought significant satisfaction. We implemented substantial strategies that position us advantageously for what lies ahead.”
Chvatal acknowledged that rising costs are creating challenges for individuals and their purchasing behaviors. Nevertheless, he expressed confidence in Allwyn’s ability to navigate these difficult circumstances.
“Our offerings are reasonably priced, customers are not required to make large expenditures, and we benefit from a dedicated customer group. To date, the consequences for our operations have been negligible.”
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