Tag Archives: 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 …

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 …

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 …

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. …

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 …

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, …

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 …