Tag Archives: Italy

A draft law is being fast-tracked across Italy’s constitutional ranks, to implement the long-awaited overhaul of the land-based gambling sector with the aim to standardise the sector’s laws and regulations.    The mandate, which was approved by the cabinet of PM Giorgia Meloni in mid-March, has been put forward to Parliament as of 20 April and will require the opinion …

Heritage Spanish gambling group CIRSA SA continues its ‘global sportsbook expansion’, having agreed to acquire Guadalajara-based GanaBet.mx for a reported €20m.  The deal had previously been disclosed in CIRSA’s FY2022 Interim update, in which the Blackstone-owned Spanish gambling group revealed that it had reserved €20m in cash to acquire GanaBet. Licensed by SEGOB, Mexico’s Ministry of the Interior, GanaBet currently …

Apollo Global has finalised plans to IPO its Lottomatica business on the Milan Euronext Exchange (Borsa Milan) at the end of April, as the US private equity group upsizes the capitalisation of the Italian gambling group to +€2.5bn. By returning Lottomatica to the Milan Borsa, dealmakers anticipate raising €425m through the IPO, funds that will be reserved to reward long-term …

Flutter Entertainment has announced that it will unify its Italian gambling operations into the single ‘legal entity’ of Sisal Italia SPA.    The reorganisation will involve the merger of the Italian gambling group’s Superenalotto lottery business with the online gaming subsidiary of Sisal Entertainment. The merger is necessary for Flutter to streamline and strengthen its position within the Italian gambling market …

Snaitech, is set to introduce exciting new changes to their platform during the course of 2023, as disclosed to SBC by Alessandro Graziosi, Digital Director of Snaitech, who shared first-hand details on the upcoming innovations that the Italian giant is working on. Graziosi has led plans to revamp their website using a “data lake” approach and artificial intelligence to create …

StanleyBet Group has celebrated 65-years since establishing its business by restyling its heritage brand, to be used across all active divisions and markets.  The firm, which started as a sole bookmaker in 1958, has undertaken a modification of its brand with the inclusion of new colours to honour historical events. StanleyBet’s operational history has seen the firm manage Europe’s largest …

Lottomatica SPA reports on a transformative 2022, as the Apollo Global-owned Italian gambling group eyes a first-half listing on the Milan Borsa.  An enlarged Lottomatica sees its full-year 2022 revenues stand at €1.39bn, up 72% on FY2021 comparative results of €808m. 2022 saw Lottomatica, the former Italian B2C subsidiary of IGT Plc complete its merger with Gamenet Group to become …

Grupo CIRSA has lauded its 2022 financial recovery as all core business units “return and outperform pre-COVID 2019 trading”.  Full-year 2022 results saw the Blackstone-owned Spanish gambling group declare an operating profit of €552m, up 66% on the corresponding FY2021 result of €331m. Headline growth was attributed to CIRSA units achieving a combined peak operating income of €1.74bn, ahead by …

Lottomatica movements are being monitored closely as speculation mounts that the heritage Italian gambling group will order an IPO listing on the Borsa Milan Exchange.  Citing ‘sources close to Lottomatica’, Reuters International has reported that controlling shareholder Apollo Global seeks an April listing for its Italian asset. A trading update published in January confirmed Milan IPO rumours, as Lottomatica’s board …

The settlement of Italy’s new government under Prime Minister Giorgia Meloni has signalled positive changes for Italian gambling and its need to fix long-standing issues. Six months into Meloni’s premiership, leading the ‘National Conservative’ coalition government, Italy’s gambling sector has been told to prepare for an “industry reorganisation in the coming months”. Positive developments have seen the government assign Treasury …