{"id":34,"date":"2024-06-11T11:09:42","date_gmt":"2024-06-11T08:09:42","guid":{"rendered":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/"},"modified":"2024-06-12T10:29:42","modified_gmt":"2024-06-12T07:29:42","slug":"allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility","status":"publish","type":"post","link":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/","title":{"rendered":"Allwyn and Cohn Robbins Call Off Merger Amidst Market Volatility"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/kn8bmmPIQpc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The proposed amalgamation of lottery firm Allwyn and special purpose acquisition company Cohn Robbins has been terminated. <\/p>\n<p>Therefore, Allwyn will remain privately owned for the time being.  Nevertheless, the organization maintains it is still &#8220;dedicated&#8221; to pursuing a public listing eventually.<\/p>\n<p>Despite significant investor enthusiasm for the agreement, Allwyn clarified that prevailing market circumstances, including worries about inflation, interest rates, and a possible economic downturn, generated excessive unpredictability.<\/p>\n<p>Investors had previously pledged nearly $700 million to back the merger.<\/p>\n<p>Due to this choice, the lottery company will also delay its expansion ambitions in the U.S. until after any subsequent public offering.<\/p>\n<p>Allwyn CEO, Robert Chv\u00e1tal, stated:<\/p>\n<p>\u201cAllwyn was heartened by the favorable feedback from numerous prominent investors, demonstrating the allure of our enterprise to the investment community.<\/p>\n<p>\u201cHowever, considering the ongoing market volatility, we and Cohn Robbins have resolved not to move forward with the suggested business combination.  We value the backing of the firm\u2019s founders, Gary Cohn and Cliff Robbins, throughout the past year and anticipate a chance to collaborate with them once more down the line.\u201d <\/p>\n<p>Allwyn boasts an impressive history of achievement, underpinned by robust financial performance and operational efficiency. This foundation empowers them to seek expansion both internally and through strategic mergers, consistently exploring emerging prospects.<\/p>\n<p>A notable illustration is their upcoming role as the operator of the UK National Lottery, slated to commence in 2024. They are dedicated to sustainable, lucrative growth and express enthusiasm for the numerous lottery prospects across Europe, the UK, the US, and beyond.<\/p>\n<p>This assurance follows Allwyn&#8217;s official acquisition of the UK National Lottery license, a development that transpired after the resolution of legal disputes with the incumbent license holder, Camelot, and its technology partner, IGT, who ultimately retracted their legal action.<\/p>\n<p>Gary D. Cohn and Clifton S. Robbins, Co-Founders of Cohn Robbins, remarked:<\/p>\n<p>&#8220;Since formalizing our collaboration with Allwyn in January, we&#8217;ve observed a notable change in market sentiment. Just recently, the market underwent its most challenging day since June 2020, and this instability has persisted into the current week. <\/p>\n<p>&#8220;Karel Kom\u00e1rek and his groups at KKCG and Allwyn have established a remarkable lottery-centric entertainment enterprise. Nevertheless, owing to the ongoing unfavorable market conditions, we have collectively resolved with Allwyn to forgo the transaction. We extend our best wishes for their future pursuits.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proposed amalgamation of lottery firm Allwyn and special purpose acquisition company Cohn Robbins has been terminated. Therefore, Allwyn will remain privately owned for the time being. Nevertheless, the organization maintains it is still &#8220;dedicated&#8221; to pursuing a public listing eventually. Despite significant investor enthusiasm for the agreement, Allwyn clarified that prevailing market circumstances, including [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Allwyn Stays Private: Lottery Giant Nixes SPAC Deal<\/title>\n<meta name=\"description\" content=\"Lottery heavyweight Allwyn has pulled the plug on its planned merger with Cohn Robbins, opting to stay private for now. Despite market jitters, Allwyn remains committed to going public eventually.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allwyn and Cohn Robbins Call Off Merger Amidst Market Volatility\" \/>\n<meta property=\"og:description\" content=\"Lottery heavyweight Allwyn has pulled the plug on its planned merger with Cohn Robbins, opting to stay private for now. Despite market jitters, Allwyn remains committed to going public eventually.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/\" \/>\n<meta property=\"og:site_name\" content=\"Trusted Online Casino: Exciting Games, Secure Gaming Experience\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T08:09:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:29:42+00:00\" \/>\n<meta name=\"author\" content=\"Emily &quot;Charm&quot; Thompson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily &quot;Charm&quot; Thompson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/\"},\"author\":{\"name\":\"Emily \\\"Charm\\\" Thompson\",\"@id\":\"https:\/\/slotscapital.icu\/#\/schema\/person\/ec502b904ae64cf16a50161215657acb\"},\"headline\":\"Allwyn and Cohn Robbins Call Off Merger Amidst Market Volatility\",\"datePublished\":\"2024-06-11T08:09:42+00:00\",\"dateModified\":\"2024-06-12T07:29:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/\"},\"wordCount\":397,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/slotscapital.icu\/#organization\"},\"articleSection\":[\"Gambling\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/\",\"url\":\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/\",\"name\":\"Allwyn Stays Private: Lottery Giant Nixes SPAC Deal\",\"isPartOf\":{\"@id\":\"https:\/\/slotscapital.icu\/#website\"},\"datePublished\":\"2024-06-11T08:09:42+00:00\",\"dateModified\":\"2024-06-12T07:29:42+00:00\",\"description\":\"Lottery heavyweight Allwyn has pulled the plug on its planned merger with Cohn Robbins, opting to stay private for now. Despite market jitters, Allwyn remains committed to going public eventually.\",\"breadcrumb\":{\"@id\":\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/slotscapital.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Allwyn and Cohn Robbins Call Off Merger Amidst Market Volatility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slotscapital.icu\/#website\",\"url\":\"https:\/\/slotscapital.icu\/\",\"name\":\"Trusted Online Casino: Exciting Games, Secure Gaming Experience\",\"description\":\"Immerse yourself in the excitement of our licensed online casino, featuring fresh articles, comprehensive reviews, and the most recent industry news. Your ultimate gaming resource.\",\"publisher\":{\"@id\":\"https:\/\/slotscapital.icu\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/slotscapital.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/slotscapital.icu\/#organization\",\"name\":\"Trusted Online Casino: Exciting Games, Secure Gaming Experience\",\"url\":\"https:\/\/slotscapital.icu\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/slotscapital.icu\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-five-stars-e1718094490336.png\",\"contentUrl\":\"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-five-stars-e1718094490336.png\",\"width\":150,\"height\":150,\"caption\":\"Trusted Online Casino: Exciting Games, Secure Gaming Experience\"},\"image\":{\"@id\":\"https:\/\/slotscapital.icu\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/slotscapital.icu\/#\/schema\/person\/ec502b904ae64cf16a50161215657acb\",\"name\":\"Emily \\\"Charm\\\" Thompson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/slotscapital.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-bee-15558039-96x96.png\",\"contentUrl\":\"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-bee-15558039-96x96.png\",\"caption\":\"Emily \\\"Charm\\\" Thompson\"},\"description\":\"With a Bachelor's degree in Mathematics and a Master's in Statistics, this skilled author specializes in creating engaging casino-related content. Their deep knowledge of probability theory, combinatorics, and statistical analysis allows them to provide accurate and informative articles. They have a passion for applying mathematical concepts to real-world situations, particularly in the context of casino games. Their work has been featured in various online and print publications, earning them recognition in the gambling industry.\",\"url\":\"https:\/\/slotscapital.icu\/author\/adam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Allwyn Stays Private: Lottery Giant Nixes SPAC Deal","description":"Lottery heavyweight Allwyn has pulled the plug on its planned merger with Cohn Robbins, opting to stay private for now. Despite market jitters, Allwyn remains committed to going public eventually.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/","og_locale":"en_GB","og_type":"article","og_title":"Allwyn and Cohn Robbins Call Off Merger Amidst Market Volatility","og_description":"Lottery heavyweight Allwyn has pulled the plug on its planned merger with Cohn Robbins, opting to stay private for now. Despite market jitters, Allwyn remains committed to going public eventually.","og_url":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/","og_site_name":"Trusted Online Casino: Exciting Games, Secure Gaming Experience","article_published_time":"2024-06-11T08:09:42+00:00","article_modified_time":"2024-06-12T07:29:42+00:00","author":"Emily \"Charm\" Thompson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emily \"Charm\" Thompson","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#article","isPartOf":{"@id":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/"},"author":{"name":"Emily \"Charm\" Thompson","@id":"https:\/\/slotscapital.icu\/#\/schema\/person\/ec502b904ae64cf16a50161215657acb"},"headline":"Allwyn and Cohn Robbins Call Off Merger Amidst Market Volatility","datePublished":"2024-06-11T08:09:42+00:00","dateModified":"2024-06-12T07:29:42+00:00","mainEntityOfPage":{"@id":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/"},"wordCount":397,"commentCount":0,"publisher":{"@id":"https:\/\/slotscapital.icu\/#organization"},"articleSection":["Gambling"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/","url":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/","name":"Allwyn Stays Private: Lottery Giant Nixes SPAC Deal","isPartOf":{"@id":"https:\/\/slotscapital.icu\/#website"},"datePublished":"2024-06-11T08:09:42+00:00","dateModified":"2024-06-12T07:29:42+00:00","description":"Lottery heavyweight Allwyn has pulled the plug on its planned merger with Cohn Robbins, opting to stay private for now. Despite market jitters, Allwyn remains committed to going public eventually.","breadcrumb":{"@id":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/slotscapital.icu\/2024\/06\/11\/allwyn-and-cohn-robbins-call-off-merger-amidst-market-volatility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/slotscapital.icu\/"},{"@type":"ListItem","position":2,"name":"Allwyn and Cohn Robbins Call Off Merger Amidst Market Volatility"}]},{"@type":"WebSite","@id":"https:\/\/slotscapital.icu\/#website","url":"https:\/\/slotscapital.icu\/","name":"Trusted Online Casino: Exciting Games, Secure Gaming Experience","description":"Immerse yourself in the excitement of our licensed online casino, featuring fresh articles, comprehensive reviews, and the most recent industry news. Your ultimate gaming resource.","publisher":{"@id":"https:\/\/slotscapital.icu\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/slotscapital.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/slotscapital.icu\/#organization","name":"Trusted Online Casino: Exciting Games, Secure Gaming Experience","url":"https:\/\/slotscapital.icu\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/slotscapital.icu\/#\/schema\/logo\/image\/","url":"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-five-stars-e1718094490336.png","contentUrl":"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-five-stars-e1718094490336.png","width":150,"height":150,"caption":"Trusted Online Casino: Exciting Games, Secure Gaming Experience"},"image":{"@id":"https:\/\/slotscapital.icu\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/slotscapital.icu\/#\/schema\/person\/ec502b904ae64cf16a50161215657acb","name":"Emily \"Charm\" Thompson","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/slotscapital.icu\/#\/schema\/person\/image\/","url":"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-bee-15558039-96x96.png","contentUrl":"https:\/\/slotscapital.icu\/wp-content\/uploads\/sites\/9\/2024\/06\/free-icon-bee-15558039-96x96.png","caption":"Emily \"Charm\" Thompson"},"description":"With a Bachelor's degree in Mathematics and a Master's in Statistics, this skilled author specializes in creating engaging casino-related content. Their deep knowledge of probability theory, combinatorics, and statistical analysis allows them to provide accurate and informative articles. They have a passion for applying mathematical concepts to real-world situations, particularly in the context of casino games. Their work has been featured in various online and print publications, earning them recognition in the gambling industry.","url":"https:\/\/slotscapital.icu\/author\/adam\/"}]}},"_links":{"self":[{"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/posts\/34"}],"collection":[{"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/comments?post=34"}],"version-history":[{"count":1,"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/posts\/34\/revisions"}],"predecessor-version":[{"id":66,"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/posts\/34\/revisions\/66"}],"wp:attachment":[{"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/media?parent=34"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/categories?post=34"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slotscapital.icu\/wp-json\/wp\/v2\/tags?post=34"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}