Tag Archives: Lottomatica

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 …

Italy’s online gambling sector continues to accelerate at a double-digit momentum as the latest statistics indicate that the market reached a GGR size of €5bn in 2024. Though yet to be confirmed by ADM, Italy’s Customs and Monopolies Agency, the 2024 result of €5bn indicates an 11% year-on-year GGR increase from the 2023 total of €4.5bn. GGR growth reflects a …

Lottomatica Group has achieved a record high in Italian online gambling market share, reaching 30%. The announcement led the Milan Borsa-listed group’s Q3 trading update, as Lottomatica targets full-year revenues of €2BN and adjusted EBITDA between €700M and €730M. Year-to-date, Lottomatica’s revenues are €1.42BN, marking a 19% increase over the 2023 comparable figure of €1.2BN. Since May, group accounts now …

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 …

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 …

Lottomatica SPA has completed its €640m acquisition of SKS365 to become Italy’s largest omnichannel gambling group. Initiated in November 2023, Lottomatica agreed to terms with Malta365 Holdings to acquire all Italian properties and assets of SKS365. Striking a €640m deal, Lottomatica will take ownership of SKS365’s 1,000 betting shops and points operating across Italian provinces. Boosting its retail presence, Lottomatica …

IGT Plc has declared a record operating income of $1bn, as the NYSE-listed technology group prepares for its next transformation having agreed terms to spin off its Global Gaming and PlayDigital units to Everi Holdings. Publishing its FY2023 accounts, IGT’s corporate revenues stood at $4.3bn, up 2% on the FY2022 results of $4.2bn. Investors were informed that consolidated revenue growth …

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 …

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 …

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 …