The United States Securities and Exchange Commission (SEC) has approved the amalgamation of Allwyn Entertainment and Cohn Robbins Holdings Corp. (CRHC). This action clears the path for Allwyn, a prominent figure in the lottery sector, to transition into a publicly listed entity in New York.
Prior to the finalization of the merger, CRHC stakeholders will cast their votes on the agreement during a special assembly scheduled for September 7th, 2022. Allwyn is urging shareholders to meticulously examine the merger proposition and accompanying materials submitted to the SEC.
Presuming the shareholders grant their consent and all remaining elements align, the newly unified corporation will be included on the New York Stock Exchange, identified by the ticker symbol “ALWN.”
CRHC perceives this merger as a fortunate opportunity, convinced that the worldwide lottery industry possesses substantial promise due to its widespread popularity, ability to withstand challenging economic periods, and the ongoing expansion of internet-based gaming.
A lottery colossus, Allwyn, boasting a market value of approximately $3 billion, has attained the license to manage the UK’s National Lottery. This resolution, unveiled recently by the UK Gambling Commission, signifies the conclusion of Camelot’s nearly 30-year reign. Allwyn, already a leading force in the European lottery sector with a footprint in Austria, the Czech Republic, Greece, Cyprus, and Italy, will introduce its proficiency in both physical and digital lottery operations to the UK.
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