The United States Securities and Exchange Commission (SEC) has approved the amalgamation of Allwyn Entertainment and Cohn Robbins Holdings Corp. (CRHC). This action enables the lottery conglomerate to become publicly traded in New York.
Allwyn is urging CRHC stakeholders to carefully examine the registration documentation and associated materials before deciding on the consolidation. A special assembly will convene on September 7th, 2022, for CRHC investors to cast their votes on the proposed amalgamation.
If ratified, the unified entity will be listed on the New York Stock Exchange under the trading symbol “ALWN” for common shares and “ALWN.WS” for warrants. The CRHC board strongly recommends that all shareholders endorse the merger.
CRHC contends that the worldwide lottery sector possesses substantial promise due to its widespread popularity, stability across diverse economic climates, and the ongoing expansion of digital engagement.
The colossal lottery enterprise, Allwyn, boasting a market valuation of $300 billion, is poised to assume control of the UK National Lottery from its long-standing operator, Camelot, which has held the position for nearly three decades. A dominant force in the European lottery landscape, Allwyn already conducts operations in nations such as Austria, the Czech Republic, Greece, Cyprus, and Italy, utilizing both physical retail outlets and digital platforms. This resolution follows a rigorous and competitive bidding procedure supervised by the UK Gambling Commission.
