{"id":154,"date":"2024-06-17T01:35:50","date_gmt":"2024-06-16T22:35:50","guid":{"rendered":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/"},"modified":"2024-06-20T17:02:56","modified_gmt":"2024-06-20T14:02:56","slug":"allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility","status":"publish","type":"post","link":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/","title":{"rendered":"Allwyn Lottery Operator Cancels Merger Plans With Cohn Robbins Due to Market Volatility"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/uPF7chpiyA4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Norwegian capital city&#8217;s namesake lottery firm and a blank-check acquisition company, Cohn Robbins, have abandoned their plans to combine.<\/p>\n<p>Consequently, the lottery business will remain private for the time being, although they maintain their &#8220;dedication&#8221; to pursuing a public listing when the market is favorable.<\/p>\n<p>The company acknowledged significant investor enthusiasm for the transaction but clarified that the prevailing economic conditions, marked by worries about rising prices, borrowing costs, and a possible economic downturn, generated excessive unpredictability.<\/p>\n<p>This determination follows commitments of nearly $700 million from investors to back the merger.  Additionally, Oslo plans to postpone its expansion efforts in the US until after any public offering.<\/p>\n<p>Robert Chvatal, Chief Executive of the lottery company, expressed his perspective:<\/p>\n<p>&#8220;The response from numerous prominent investors was incredibly heartening and validated the appeal of our enterprise.  Nevertheless, considering the persistent market fluctuations, both we and Cohn Robbins have resolved to forgo proceeding with the merger. We appreciate the backing of Gary Cohn and Cliff Robbins over the past year and anticipate collaborating with them again in the times ahead.&#8221; <\/p>\n<p>Allwyn has exhibited robust financial results and steady operations, empowering us to seek both internal expansion and tactical mergers and acquisitions,&#8221; conveyed Allwyn&#8217;s executive team. &#8220;We are enthusiastic about utilizing these assets as we take over management of the UK National Lottery in 2024 and proceed with our growth throughout Europe, the UK, the US, and further afield.&#8221; This comes on the heels of the latest conclusion of the UK National Lottery concession, following the withdrawal of a legal objection by existing operator Camelot and its technology partner IGT.<\/p>\n<p>Gary D. Cohn and Clifton S. Robbins, who established Cohn Robbins together, remarked: &#8220;Since joining forces with Allwyn in January, we&#8217;ve witnessed a notable change in market sentiment. The recent sharp decline, the most substantial single-day decrease since June 2020, regrettably persists. Although Karel Kom\u00e1rek and his groups at KKCG and Allwyn have developed an admirable lottery-focused entertainment enterprise, the ongoing market fluctuations and adverse circumstances have prompted us to mutually decide to terminate our deal. We extend our best wishes for their future pursuits.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Norwegian capital city&#8217;s namesake lottery firm and a blank-check acquisition company, Cohn Robbins, have abandoned their plans to combine. Consequently, the lottery business will remain private for the time being, although they maintain their &#8220;dedication&#8221; to pursuing a public listing when the market is favorable. The company acknowledged significant investor enthusiasm for the transaction [&hellip;]<\/p>\n","protected":false},"author":39,"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>Oslo Lottery Firm Stays Private, Cancels Cohn Robbins SPAC Merger<\/title>\n<meta name=\"description\" content=\"The Norwegian capital city\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allwyn Lottery Operator Cancels Merger Plans With Cohn Robbins Due to Market Volatility\" \/>\n<meta property=\"og:description\" content=\"The Norwegian capital city\" \/>\n<meta property=\"og:url\" content=\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/\" \/>\n<meta property=\"og:site_name\" content=\"Explore the Best Licensed Casino Games &amp; News Online\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T22:35:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:02:56+00:00\" \/>\n<meta name=\"author\" content=\"Avery &quot;Azure&quot; Evans\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Avery &quot;Azure&quot; Evans\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/\",\"url\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/\",\"name\":\"Oslo Lottery Firm Stays Private, Cancels Cohn Robbins SPAC Merger\",\"isPartOf\":{\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-16T22:35:50+00:00\",\"dateModified\":\"2024-06-20T14:02:56+00:00\",\"author\":{\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#\/schema\/person\/be9570f13a0f5c1b066feef19e133e31\"},\"description\":\"The Norwegian capital city\",\"breadcrumb\":{\"@id\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/7bitnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Allwyn Lottery Operator Cancels Merger Plans With Cohn Robbins Due to Market Volatility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#website\",\"url\":\"https:\/\/7bitnodepositbonus.icu\/\",\"name\":\"Explore the Best Licensed Casino Games &amp; News Online\",\"description\":\"Unleash your gambling potential with the help of our comprehensive casino news, detailed game reviews, and informative insights. Our licensed online casino is your ultimate resource.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/7bitnodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#\/schema\/person\/be9570f13a0f5c1b066feef19e133e31\",\"name\":\"Avery \\\"Azure\\\" Evans\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/7bitnodepositbonus.icu\/wp-content\/uploads\/sites\/42\/2024\/06\/woman-avatar-96x96.png\",\"contentUrl\":\"https:\/\/7bitnodepositbonus.icu\/wp-content\/uploads\/sites\/42\/2024\/06\/woman-avatar-96x96.png\",\"caption\":\"Avery \\\"Azure\\\" Evans\"},\"description\":\"With a Bachelor's degree in Statistics and a Master's in Sports Management, this skilled author has a passion for leveraging data analytics to improve performance and fan engagement in the sports betting industry. They have expertise in sports analytics, odds calculation, and customer segmentation, which they apply to the development of betting products and marketing strategies. Their articles and reviews provide readers with insights into the latest trends and innovations in sports betting and the strategies used to promote responsible gambling and enhance the fan experience.\",\"url\":\"https:\/\/7bitnodepositbonus.icu\/author\/sdcbxvnyhdgs\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oslo Lottery Firm Stays Private, Cancels Cohn Robbins SPAC Merger","description":"The Norwegian capital city","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:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/","og_locale":"en_GB","og_type":"article","og_title":"Allwyn Lottery Operator Cancels Merger Plans With Cohn Robbins Due to Market Volatility","og_description":"The Norwegian capital city","og_url":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/","og_site_name":"Explore the Best Licensed Casino Games &amp; News Online","article_published_time":"2024-06-16T22:35:50+00:00","article_modified_time":"2024-06-20T14:02:56+00:00","author":"Avery \"Azure\" Evans","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Avery \"Azure\" Evans","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/","url":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/","name":"Oslo Lottery Firm Stays Private, Cancels Cohn Robbins SPAC Merger","isPartOf":{"@id":"https:\/\/7bitnodepositbonus.icu\/#website"},"datePublished":"2024-06-16T22:35:50+00:00","dateModified":"2024-06-20T14:02:56+00:00","author":{"@id":"https:\/\/7bitnodepositbonus.icu\/#\/schema\/person\/be9570f13a0f5c1b066feef19e133e31"},"description":"The Norwegian capital city","breadcrumb":{"@id":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/17\/allwyn-lottery-operator-cancels-merger-plans-with-cohn-robbins-due-to-market-volatility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/7bitnodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Allwyn Lottery Operator Cancels Merger Plans With Cohn Robbins Due to Market Volatility"}]},{"@type":"WebSite","@id":"https:\/\/7bitnodepositbonus.icu\/#website","url":"https:\/\/7bitnodepositbonus.icu\/","name":"Explore the Best Licensed Casino Games &amp; News Online","description":"Unleash your gambling potential with the help of our comprehensive casino news, detailed game reviews, and informative insights. Our licensed online casino is your ultimate resource.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/7bitnodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/7bitnodepositbonus.icu\/#\/schema\/person\/be9570f13a0f5c1b066feef19e133e31","name":"Avery \"Azure\" Evans","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/7bitnodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/7bitnodepositbonus.icu\/wp-content\/uploads\/sites\/42\/2024\/06\/woman-avatar-96x96.png","contentUrl":"https:\/\/7bitnodepositbonus.icu\/wp-content\/uploads\/sites\/42\/2024\/06\/woman-avatar-96x96.png","caption":"Avery \"Azure\" Evans"},"description":"With a Bachelor's degree in Statistics and a Master's in Sports Management, this skilled author has a passion for leveraging data analytics to improve performance and fan engagement in the sports betting industry. They have expertise in sports analytics, odds calculation, and customer segmentation, which they apply to the development of betting products and marketing strategies. Their articles and reviews provide readers with insights into the latest trends and innovations in sports betting and the strategies used to promote responsible gambling and enhance the fan experience.","url":"https:\/\/7bitnodepositbonus.icu\/author\/sdcbxvnyhdgs\/"}]}},"_links":{"self":[{"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/154"}],"collection":[{"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":1,"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/154\/revisions"}],"predecessor-version":[{"id":166,"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/154\/revisions\/166"}],"wp:attachment":[{"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7bitnodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}