Allwyn has announced a planned acquisition of the remaining 30% minority interest in Instant Win Gaming (IWG), giving the lottery-led gaming group full ownership of the digital e-instant and instant-win supplier. The consideration is approximately US$120 million (€107 million), based on a pre-agreed valuation formula and subject to customary closing and working-capital adjustments.
The transaction follows the exercise of a put option held by IWG’s minority shareholders. Completion is expected in the first quarter of 2027. IWG’s founders are expected to remain in their executive positions after the deal closes.
Strategic relevance
IWG supplies digital instant-win games to lottery operators across the United States, Europe and other international markets. Allwyn says full ownership will simplify its corporate structure and strengthen its control of digital content capabilities. The acquisition was announced alongside a separate sportsbook technology agreement with Kambi; the two transactions should be treated as distinct strategic moves.