(AsiaGameHub) – Mature European gaming operators are trapped in low single-digit organic growth right now. Allwyn’s headline 21% Q1 2026 net revenue jump looks like a standout performance at first glance. Strip out contributions from last year’s PrizePicks acquisition, and that growth falls to just 3.5%. That gap exposes how little momentum the firm has in its longstanding core markets.
Allwyn posted total Q1 revenue of €2.39 billion, up 8% year over year. Continental Europe remains its largest market, with total revenue rising 7% to €1.2 billion. UK revenue dipped 7% to €942 million, while North American total revenue surged 408% to €305 million. Betano, 37% owned by Allwyn via the OPAP merger, recorded 27% year-over-year revenue growth to €788 million. The firm also named former Virginia Lottery chief Khalid Reede Jones as its new North America CEO this week.
Allwyn will keep prioritizing acquisitions to hit its public growth targets for the foreseeable future. It will shift more operational budget to its North American and digital gaming arms to offset stagnant performance in Europe and the UK. Independent mid-sized DFS and sports betting operators in the US will be Allwyn’s top acquisition targets over the next 12 months.
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