KKCG sells stake in its multi-national entertainment business Allwyn

Lucerne, Switzerland August 28, 2025, KKCG has today announced that it has sold a 4.27% stake in leading multi-national lottery operator Allwyn International AG (“Allwyn”) to J&T ARCH INVESTMENTS SICAV, a.s. (“J&T ARCH”), a qualified investor fund listed on the Prague Stock Exchange.

The transaction, which values Allwyn’s share capital at €11.2 billion as of December 31, 2024, gives investors in J&T ARCH the opportunity to share in the continuing strong growth trajectory of Allwyn, the cornerstone of KKCG’s entertainment pillar.

J&T ARCH is listed on the Prague Stock Exchange, with a net asset value of CZK 141 billion (approximately €5.6 billion) as of March 31, 2025.

The total proceeds to KKCG are €500 million (approximately CZK 12.3 billion CZK). The investment reflects the strength of Allwyn’s track record, its solid financial profile and continued confidence in its strategy and future development. Since 2011, the Group has grown into a multi-national lottery-led entertainment company with leading market positions across Europe and the Americas. In 2024 Allwyn generated €1.5bn of Adjusted EBITDA. It also added leading e-instants supplier Instant Win Gaming to its portfolio and announced its intention to acquire a controlling interest in online sports betting and gaming operator, Novibet, further enhancing Allwyn’s innovation potential and advancing its ambition to deliver the best user experience across international markets.

Karel Komárek, Allwyn’s Chair and founder of KKCG, commented: “This is another significant step for Allwyn. It demonstrates the positive impact of KKCG’s vision and support for the business, and investor confidence in Allwyn’s successful growth-led strategy. I see many opportunities ahead for significant and sustainable value creation for Allwyn and I’m delighted that a wider range of investors can now join us on that journey.”

Robert Chvátal, Allwyn CEO said: “At Allwyn, we’re on a mission to become the leading global gaming entertainment company. We have demonstrated that our platform delivers, and there is real momentum behind our exciting future growth strategy.”

Patrik Tkáč, co-founder of the J&T financial group and Chairman of the J&T ARCH Investment Committee, adds: “J&T ARCH’s entry into Allwyn is the culmination of many years of business relations with Karel Komárek, who, with his team, has built an international entertainment platform out of a domestic player. This is another great story of a leading Czech entrepreneur’s business, and the opportunity for our investors to participate in its future growth.”

Adam Tomis, member of the J&T ARCH Investment Committee, adds: “Allwyn’s geographical footprint as the operator of national lotteries makes it unique. Our portfolio thus gains an investment in a sector characterized by strong market positions, resilience to economic cycles, and high conversion of profits into free cash flow. Allwyn is in an excellent position to continue expanding and growing.”

Notes to editors

1. J&T ARCH INVESTMENTS acquired the stake in Allwyn via JTFG Fund IV SICAV, a.s., where it is the majority shareholder.
2. The transaction was structured as a sale of equity in Allwyn by KKCG’s wholly-owned subsidiary Allwyn AG. After the transaction, KKCG’s interest in Allwyn is 95.73%.
3. The proceeds of €500m include the consideration of the stake as well as locked box interest from January 1, 2025.

About Allwyn

Allwyn is a leading multi-national lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands across Europe in Austria, Czech Republic, Greece and Cyprus, Italy, the United Kingdom, and the United States (Illinois).
For more information, please visit: www.allwyn.com

About J&T ARCH INVESTMENTS

J&T ARCH INVESTMENTS, a fund for qualified investors, serves as the main investment platform of the J&T group. The fund invests in businesses, projects, and partnerships that the group has helped build over the past 30 years, and also participates in fulfilling the ambitions of Czech-Slovak capital in Europe and worldwide. The fund manages the assets of the J&T group founders as well as private and institutional investors. J&T ARCH INVESTMENTS is listed on the Prague Stock Exchange, where it ranks among the most liquid fund titles. For more information about the fund and detailed financial results, please visit: www.jtarchinvestments.cz

About J&T Finance Group SE

Leading financial holding in Central Europe focused primarily on private, corporate and investment banking and asset management. Banking business is carried out through J&T BANKA, primarily focused on affluent clientele, in the Czech Republic, Slovakia, Germany and Croatia. J&T BANKA has a Baa2 long-term deposit rating from Moody’s. Asset management services are rendered by J&T investiční společnost and Amista investiční společnost in the Czech Republic, both rank among top 5 asset managers on the market. J&T Mezzanine, an approximately €400m investment vehicle providing hybrid and subordinated capital, is an integral part of J&F FINANCE GROUP, supplementing its corporate lending capabilities.

The Group is subject to supervision and prudential regulation on a consolidated basis as well as individually (banking subsidiaries) under the Capital Requirements Regulation (CRR) and the Banking Recovery and Resolution Directive (BRRD). For more details: www.jtfg.com