Allwyn attributed the strong performance mainly to both Camelot UK and Camelot LS Group acquisitions.
Czech-based lottery group Allwyn International announced its preliminary results for the first quarter of 2023, posting a huge increase in revenue to reflect strong organic growth across all existing markets.
Driving Organic and Inorganic Growth
For the three months ended March 31, 2023, Allwyn registered total revenue of €1.65 billion ($1.78 billion), up 80% compared to the group’s Q1 2022 revenue figure. The increase Allwyn attributed mainly to the acquisitions of Camelot UK and Camelot LS Group both of which concluded during the reported quarter.
Commenting on the results, Allwyn’s chief executive officer, Robert Chvatal, was pleased to see the business perform strongly from the beginning of the year, driven by its “ongoing focus on driving organic growth” alongside progress in its inorganic growth strategy, stressing that all seven lottery markets contributed to the result.
Czech-based lottery group Allwyn International announced its preliminary results for the first quarter of 2023, posting a huge increase in revenue to reflect strong organic growth across all existing markets.
Driving Organic and Inorganic Growth
For the three months ended March 31, 2023, Allwyn registered total revenue of €1.65 billion ($1.78 billion), up 80% compared to the group’s Q1 2022 revenue figure. The increase Allwyn attributed mainly to the acquisitions of Camelot UK and Camelot LS Group both of which concluded during the reported quarter.
Commenting on the results, Allwyn’s chief executive officer, Robert Chvatal, was pleased to see the business perform strongly from the beginning of the year, driven by its “ongoing focus on driving organic growth” alongside progress in its inorganic growth strategy, stressing that all seven lottery markets contributed to the result.
