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Allwyn CFO: "we have actually Built something That Didn't Exist Before" Kenneth Morton, Group Chief Financial Officer of Allwyn International, is adamant that the business's track record on cash generation can not be matched by competitors after the closure of the OPAP merger today. The management of Allwyn International believes that it has crafted the strongest financial investment case in worldwide betting, following its change into an openly listed company through its integration with OPAP. By market close on Tuesday 24 March, Allwyn was trading as the world's second-largest lottery games and gaming business, cementing its position among the top tier of listed gaming operators. The transaction will unite Allwyn International with OPAP, the enduring steward of the Greek national lottery game and retail wagering franchise - marking the conclusion of a six-month strategic effort to reshape the group's monetary and corporate identity. Creating value in a new-look Allwyn At its core, the new Allwyn profile is specified by cash generation, scale and consistency, while strengthening its status as one of the largest factors to great causes across its markets. However, for Group CFO, Kenneth Morton, who spoke exclusively to SBC News following closure of the merger, the story extends well beyond scale to one of trust, distinction and sustainable value production. "We're not brand-new to this market," Morton stated, pointing to Allwyn's historical collaboration with Athens-listed OPAP. "OPAP investors already understand what we've done. Total shareholder returns have surpassed 500% because 2013." He added that this efficiency has actually been driven by disciplined execution, consisting of the doubling of OPAP's EBITDA over the previous five years. Crucially, that track record has translated into strong investor confidence in the recently integrated entity, with more than 93% of OPAP investors staying invested.
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