Tag: Sports Entertainment


Allwyn to buy majority stake in PrizePicks for $1.6bn

European lottery company Allwyn has revealed that it will acquire a 62.3% majority stake in daily fantasy sports operator PrizePicks, agreeing to an initial cash payment of $1.6 billion. This transaction marks a significant step in Allwyn’s ongoing expansion into the United States, demonstrating its ambition to diversify beyond traditional lottery operations and into the growing fantasy sports and sports betting markets....

Continue Reading