Tag Archives: Betflag

Lottomatica Q1 results dragged by costly Franchise payouts

SBC News Lottomatica Q1 results dragged by costly Franchise payouts

Gruppo Lottomatica had praised the standout performance of its Italian online gambling subsidiaries, ahead of its corporate expansion integrating the assets of SKS365. Publishing its Q1 trading results, the Borsa Milan gambling group generated a record betting volume of €8.7 billion, primarily attributed to a 36% increase in online wagers to €5 billion. Q1 Gross Gaming Revenues (GGR), calculated by …

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Lottomatica confirms IPO vision hitting 2022 targets  

SBC News Lottomatica confirms IPO vision hitting 2022 targets  

The board of Lottomatica SPA has confirmed speculation that “it is reviewing all strategic options” with controlling shareholder Apollo Global.  The announcement was attached to Lottomatica’s Q4 and FY2022 consolidated results trading update, which underlined the firm’s improved Italian B2C performance following its divestment from IGT Plc in 2021. Strong close-of-year trading saw Lottomatica achieve Q4 group wagering of €6.7bn, …

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Lottomatica YTD revenue doubled ahead of BetFlag takeover

lottomatica growth

Providing a solid bedrock for the Q4 acquisition of BetFlag, Lottomatica recorded year-to-date revenue of over €1bn as of September 2022. As reported in the multinational betting and gaming group’s consolidated interim trading report, this marks a 100% increase on September 2021’s YTD revenue of €462.5m.  On the other hand, EBITDA stood at €129.1m, a 12.7% increase on 2021’s €71.5m, …

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BetFlag assists Nolimit City with Italian igaming debut

SBC News BetFlag assists Nolimit City with Italian igaming debut

BetFlag has struck a partnership with Malta-based online casino platform and game developer, Nolimit City, enabling the latter to make its debut in the Italian igaming market. The Italy-focused sports betting and gaming operator will integrate the producer’s titles – developed at its studios in Stockholm and Gurugram, India – into its plating network, as part of a planned ‘timed …

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Betsoft partners with Betflag as Italian expansion continues

SBC News Betsoft partners with Betflag as Italian expansion continues

iGaming supplier, Betsoft Gaming has announced that it will continue its expansion into the Italian market, signing a partnership with Italian operator BetFlag. BetFlag will be taking on Betsoft’s varied collection of AAMS-approved Slots3™ games, including popular hits GIOVANNI’S GEMS and FIRE & STEEL. The Italian company will also be offering Betsoft’s AAMS-approved ToGo™ titles to feed the growing mobile …

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