Czech Lottery billionaire agrees to merge with Greek firm to forge £14bn gaming giant

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The National Lottery’s operator has agreed to merge with a Greek firm to create a global gaming giant worth £14billion. 

Allwyn, founded and chaired by Czech tycoon Karel Komarek, already owns a controlling stake of nearly 52 per cent in Athens-listed OPAP.

It will give Allwyn a presence on the stock market. 

OPAP’s Athens listing will be retained for the merged group – which will be named Allwyn – but aims to launch an additional listing in either London or New York.

The deal creates the largest listed lottery business in the world and second-largest listed gaming firm globally.

Game on: Allwyn, founded by Czech tycoon Karel Komarek (pictured with wife Stepanka), has agreed to merge with Athens-listed OPAP

Game on: Allwyn, founded by Czech tycoon Karel Komarek (pictured with wife Stepanka), has agreed to merge with Athens-listed OPAP

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