Gruppo Lottomatica SPA, has declared 2024 an outstanding year, solidifying its position as Italy’s leading largest gambling business (retail and online). Publishing its full-year accounts, the company exceeded expectations with an Adjusted EBITDA of €739m surpassing its FY2024 guidance of €730m, marking a 24% year-on-year increase from the 2023 figure of €706m. Concluding its first full year on the Milan …
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Lottomatica SPA has elevated its full-year 2024 corporate guidance to an EBITDA range of €700m to €730m following ‘all-time-high’ results achieved during H1 trading. The Borsa Milan gambling group backs its growth momentum, which will be accelerated by the integration of SKS365 betting assets, to become Italy’s outright market leader in gambling. H1 accounts saw Lottomatica generate group wagers of …
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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 Group SPA states that it has achieved all corporate objectives of a transformative 2023, as its business prepares to become Italian gambling’s outright market leader by acquiring SKS365 Group. Publishing its full-2023 accounts this morning, Lottomatica announced corporate revenues of €1.63bn, up 12% on FY2022 results of €1.49bn. Growth in headline revenues reflects Lottomatica generating consolidated bets (volume) of …
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Lottomatica Group asserts it is set to achieve all primary goals set for its re-listing on the Borsa Milan by May 2023. Publishing its year-to-date trading results for the initial nine months of 2023, Lottomatica reported gross gambling revenue (GGR) of €2.8bn, showing a 7% pro-forma growth across all fundamental business segments. The rise in the headline GGR mirrors a …
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Italian gambling stands on the precipice of sweeping changes as the government advances with its plans of a “comprehensive reorganization of the sector.” A pivot in the regulatory landscape of Italian gambling is currently in progress, with all eyes focused on the ongoing amendment of the Delegation Law. Approved in April, by PM Giorgia Meloni sanctioned changes aim to reshape …
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The CEO panel at this month’s SBC Digital Italia conference and exhibition is set to see leaders from Lottomatica, SNAITECH, Sisal and Novomatic Italia share their ideas for the future of the betting and gaming industry. The online event on 28-29 July 2021 features a comprehensive agenda that addresses the major issues faced by both the online and retail sectors, …
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A new era for Italian gambling has started after Gamenet Group completed its €1.1 billion buyout of IGT Plc’s Lottomatica B2C subsidiaries. This morning, Gamenet and IGT disclosed that all final arrangements had been concluded in the sale of Lottomatica’s Scommesse (sports betting) and Videolot Rete gaming machine units. Finalising its acquisition, Gamenet has confirmed that it will now operate …
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Borsa Milan-listed gambling firm Gruppo Gamenet SPA has issued a ‘senior non-convertible bond’ valued at approximately €225 million, which will be put forward to private institutional investors. The non-convertible bond will have a maturity date set at 2023 and will be listed on Italian and European-wide bond exchange markets. Updating investors, Gamenet governance details that it will utilise the proceeds …
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Italian gambling group Gruppo Gamenet SPA has today signed a ‘binding agreement’ to acquire a 100% share capital in betting operator GoldBet offering a deal-value of €265 million (£240 million) Updating the market, Gamenet will move to acquire outright Goldbet’s 990 Italian betting points, and will further gain the firm’s related digital properties. At present, Goldbet is considered Italy’s biggest …
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