The global lottery giant, Allwyn, forecasts a considerable revenue surge for the initial quarter of 2024. Their projections place revenue between €2.0 billion and €2.05 billion, marking a substantial rise from the €1.59 billion generated in the corresponding period the previous year.
This anticipated upswing is driven by robust performance across the majority of Allwyn’s territories. Specifically, their UK market, where they obtained a lottery concession, will contribute an entire quarter of revenue, having commenced operations in February.
Moreover, Austria witnessed remarkable growth in gross gaming proceeds, and the Czech Republic experienced a double-digit increase in overall gross gaming proceeds.
Allwyn also anticipates adjusted EBITDA to reach between €355 million and €365 million, an increase from €346.7 million the prior year. This expansion is moderated by an intended 83.7% rise in capital expenditures, reaching €45 million, to bolster the company’s growth initiatives.
Allwyn possesses a great deal of hope regarding the company’s future prospects in 2024 and the years that follow.”
Shifting focus to recent developments in the gaming and financial sectors, Entain has concluded the strategic evaluation conducted by its Capital Allocation Committee (abbreviated as “CapCo”).
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