Allwyn, a prominent multinational lottery operator, has shifted its international operations to Switzerland. The company announced that its entity, Allwyn International a.s. (AIAS), has officially relocated from the Czech Republic to Switzerland as of October 1, 2024. With this move, the entity has changed its legal name to Allwyn International AG and established its business base in Switzerland.
Bond Transfer and Financial Changes
Along with the relocation, Allwyn has transferred its €500 million 3.875% senior secured notes due in 2027 (the “2027 Notes”) to Allwyn Entertainment Financing (UK) Plc. This UK-based entity will now serve as the issuer for the 2027 Notes, while AIAS assumes the role of guarantor. Importantly, the 2027 Notes continue to maintain equal standing with other debts under Allwyn’s intercreditor agreement signed in December 2020. Allwyn Entertainment Financing (UK) Plc already manages other bonds and loans within the company, which fits seamlessly with this latest transfer.
While the headquarters and international structure have changed, Allwyn reassured stakeholders that its workforce and lottery operations in the Czech Republic remain unaffected. The relocation does not impact daily business activities in the region. This strategic move highlights the company’s focus on streamlining its international operations while maintaining strong ties with its original market.
The shift to Switzerland places Allwyn in a more central European location, reinforcing its standing as a key player in the global lottery industry while maintaining stability in its core markets.
The post Allwyn Moves International Operations to Switzerland, Retains Czech Activities appeared first on iGaming.org.