Allwyn International Expects €2 Billion Revenue in Q1
Allwyn International is anticipating its first-quarter revenue to exceed €2 billion, according to a trading update. This projection comes ahead of its first quarterly results since taking over as the licensee of the UK National Lottery.
The expected gross gaming revenue for the period ending March 31, 2024, is estimated to reach €2.05 billion. This figure represents a significant increase compared to the first quarter of 2023, with the lower range of €2 billion being nearly €500 million higher.
Allwyn International assumed operations of the UK National Lottery in February this year, succeeding Camelot. This strategic move has contributed to Allwyn's robust revenue growth, which saw a 97.5% increase in 2023, totaling €7.87 billion.
The upcoming quarterly results are expected to highlight Allwyn's performance under its new role and provide insights into its continued growth trajectory.
22 May 2024, 14:00
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