The transaction gives Allwyn a foothold in the fast-growing daily fantasy sports segment and positions PrizePicks as its primary platform for US expansion. — Reuters
NEW YORK: European lottery giant Allwyn will acquire a majority stake in US fantasy sports operator PrizePicks in a deal that values the Atlanta-based company at US$1.6bil.
The move is a significant step in Allwyn’s strategy to expand beyond traditional lottery operations and deepen its presence in the US gaming market.
