Allwyn, a prominent player in the lottery industry, has announced a strategic collaboration with Instant Win Gaming (IWG), a leading supplier of digital e-Instant and instant win games. This partnership aims to drive innovation in the instant win games sector and fortify Allwyn’s content offering.
Allwyn’s collaboration with IWG’s co-founders, Rhydian Fisher and Simon Bucknall, underscores the commitment to enhancing the lottery experience. By leveraging IWG’s expertise, Allwyn seeks to expand its portfolio and introduce captivating content to its players. As part of the agreement, Allwyn will invest in IWG, acquiring a significant 70% stake in the company using its existing financial resources.
The investment is slated to finalize in the latter half of 2024, subject to customary closing conditions. Notably, there will be no alterations to IWG’s operational structure post-acquisition. Rhydian Fisher and Simon Bucknall will retain their positions as CEO and COO, respectively.
Empowering Innovation and Value Creation
IWG’s extensive presence in over 25 national and state lotteries, coupled with its pioneering spirit in game development, positions it as a formidable partner for Allwyn. The collaboration signifies Allwyn’s strategic vision to enhance player engagement and satisfaction globally.
Commenting on the investment, Allwyn’s Chief Investment Officer, Stepan Dlouhy, emphasized the potential to harness high-quality content across the group. Dlouhy highlighted Allwyn’s dedication to delivering unparalleled experiences to its diverse player base, underscoring the value of this partnership.
In response, Rhydian Fisher, CEO of IWG, expressed excitement about the partnership and mentioned how it may further IWG’s performance and provide substantial value to its partners. Fisher acknowledged Allwyn’s deep awareness of the lottery customer base and projected both immediate gains for current partners and promising future expansion.
The industry predicts a boom in innovation and improved gaming experiences as the partnership between Allwyn and IWG develops, further strengthening both businesses’ positions as leaders in the lottery and gaming industries.
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