Tag Archives: Lottomatica

Italy approves Reorganisation Decree for Online Gambling

SBC News Italy approves Reorganisation Decree for Online Gambling

Italy will undertake a sweeping reform of its online gambling laws in 2024, as the government approved the ‘Reorganisation Decree‘ mandate needed to settle long-standing industry conflicts. On Tuesday, the government declared that it had approved the terms of the Reorganisation Decree, as proposed by the Ministry of the Economy and Finance (MEF). The Decree will see Italian gambling undertake …

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Lottomatica plans €500m notes sale to fund SKS365 takeover 

SKS365 ‘In The Game’ in Italy as Planetwin365 Rome flagship store launched

Lottomatica Group has informed investors that it plans to issue €500m in debt notes to fund its agreed acquisition of SKS365 Malta Holdings for €640m. Struck on 2 November, the deal sees Lottomatica become Italian gambling’s largest omnichannel group, in which the company will absorb the 1000+ betting points of PlanetWin365 and 120 arcade venues of PlanetPay365—the flagship brands of …

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Lottomatica deepens home advantage acquiring SKS365 for €640m 

SKS365 ‘In The Game’ in Italy as Planetwin365 Rome flagship store launched

Lottomatica SPA has informed the Borsa Milan that it has settled on terms to acquire SKS365 Malta, the operating company behind the PlanetWin365 (sportsbook) and PlanetPay365 (arcade) brands, for an enterprise value of €639m. The acquisition, confirmed today, means that Lottomatica SPA is set to become the outright largest omnichannel gambling group in the Italian market.  Lottomatica’s deal entails taking …

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Lottomatica lauds 30% online revenue jump in Borsa return

SBC News Lottomatica lauds 30% online revenue jump in Borsa return

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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MEF calls on overhaul of Italy’s stagnant online gambling laws 

Italy

Sweeping changes loom on the horizon for Italy’s online gambling sector, as the Ministry of the Economy and Finance (MEF) is set to publish a preliminary decree of amendments and resolutions.  Of significance, the MEF’s decree will demand the government review Italy’s existing online gambling laws, marking the sector’s first regulatory evaluation since the authorisation of online gambling in 2011. …

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Italy braced for a summer of gambling reforms

SBC News Italy braced for a summer of gambling reforms

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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Lottomatica first to roll out Stats Perform’s new tennis streaming features

SBC News Lottomatica first to roll out Stats Perform’s new tennis streaming features

Italian sportsbook, Lottomatica, will be the first to access Stats Perform’s new live streaming features for tennis. Through its brands Goldbet and Better, the company also becomes the first operator in the country to offer Stats Perform’s new Smart Stats Overlays feature for live video of football matches, alongside the Instant Highlights functionality. Andrew Ashenden, Stats Perform’s Chief Betting Officer, …

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Meloni speeds up retail reforms to fix Italy’s fractured gambling laws

SBC News Meloni speeds up retail reforms to fix Italy's fractured gambling laws

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 …

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Lottomatica returns to profit ahead of Milan IPO

SBC News Lottomatica returns to profit ahead of Milan IPO

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 …

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Apollo seeks April listing for Lottomatica

SBC News Apollo seeks April listing for Lottomatica

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 …

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