Stake has announced the appointment of Fabio Angeli Bufalini as Country Director of Italy, continuing the next-generation gambling group’s expansion within regulated European markets.
Bufalini will oversee Stake’s entry into the Italian online gambling market, which follows the acquisition of the heritage sportsbook IdealBet by parent group EasyGo in the summer of 2024.
Following the acquisition of IdealBet, EasyGo issued an update confirming it had paid the new €7 million authorisation fee to secure an Italian online gambling licence.
Taking ownership of IdealBet, Stake confirmed it would retain the heritage brand for Italian audiences while enhancing its sportsbook and casino offerings with new markets and exclusive Stake game titles.
Stake highlighted Bufalini’s expert knowledge of the Italian gambling sector, where he had previously helped several operators launch in the market as a former partner of iGaming advisory firm Ficom Leisure.
As outlined: “Fabio will lead Stake’s efforts in building a talented operational team and ensuring compliance with the country’s regulatory landscape. By combining his experience and Stake’s innovative approach to gaming, Fabio’s leadership will be crucial in delivering a localised, world-class experience to Italy.”
Commenting on his appointment, Fabio Angeli Bufalini said: “With many years of experience in the iGaming industry, I am honoured to continue this journey with Stake. Leveraging my deep understanding of the market and regulatory environment, I’m excited to establish Stake’s local presence, grow a talented team, and deliver an innovative gaming experience tailored to the Italian market.”
The launch of Stake in Italy via IdealBet was deemed a principal objective by Group CEO Ed Craven, who informed the media that in 2025, Stake and EasyGo will enter a “new era of high performance in regulated markets“.
Stake’s M&A drive continues in 2025, having confirmed it has agreed on terms to acquire the Danish online gambling challenger brand VindarCasino – a deal awaiting regulatory approval from Spillemyndigheden, the Gambling Authority of Denmark.
M&A activities in Italy and Denmark are viewed by Stake as part of its long-term strategy for “sustainable growth in regulated markets, with the goal of becoming the world’s biggest casino and entertainment brand.”