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 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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Providing a solid bedrock for the Q4 acquisition of BetFlag, Lottomatica recorded year-to-date revenue of over €1bn as of September 2022. As reported in the multinational betting and gaming group’s consolidated interim trading report, this marks a 100% increase on September 2021’s YTD revenue of €462.5m. On the other hand, EBITDA stood at €129.1m, a 12.7% increase on 2021’s €71.5m, …
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An enlarged Lottomatica Group, formed by the merger of Lottomatica Scommese and GoldBet Italia, has declared a stellar H1 trading period. Having emerged as Italy’s largest betting group, Lottomatica reported a quadrupling of group revenues from 2021 results of €178m to €800m recorded during H1 2022. The 4X growth in headline revenues was attributed to the group’s enlarged retail portfolio …
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Italy-facing betting operator GoldBet has moved to expand its payment capabilities in pursuit of further revenue growth, extending its contract with Nuvei. The renewed contract with the payment solutions provider will see GoldBet implement new transaction methods into its cashier – such as Apple Pay – as a new withdrawal and deposit option, making it one of the first Italian …
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Gambless has recorded 3,500 self-assessment tests completed via its mobile app, revealing strong differences in problem gambling across international borders, with English speakers encountering issues much more than other linguistic groups. Publishing its first annual report, the Mindspa-funded and ORCHHA-certified international gambling harm prevention app found that English speakers, mainly from the US, UK, and Australia, recorded a 57% higher …
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London-based video virtual sports specialist Highlight Games has agreed to supply its virtual sports products to Microgame S.p.A after securing a new partnership with the Italian platform provider. The agreement will see Highlight Games offer its Soccerbet product featuring Italian and English games in league and single match formats, as well as the NBA Last 60 across Microgame’s retail, online …
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US private equity fund Apollo Global Management (Apollo) has this morning confirmed that it has acquired a 48.6% stake in Italian gambling group Gamenet SPA. Issuing a market filing, Apollo confirms that it aims to delist the company for its index on the Borsa Milan stock exchange. A former Italian gambling subsidiary of Greek gambling group Intralot SPA, in 2018 …
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Italian betting and gaming continues to grow, but all incumbents face tough adjustments as the Lega-5Star coalition government maintains its hostile stance against the industry. October Data published by Agenzia delle Dogane e dei Monopoli (ADM) details a further record-breaking month for Italian online gambling. As the sector heads towards its upcoming Lega-5Star blanket ban on all forms of gambling/betting …
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Issuing a market update, Borsa Milan gambling firm Gruppo Gamenet SPA has confirmed the closure of its outright acquisition of betting group GoldBet, completing its €275 million transaction. The deal first announced on 24 July 2018, sees Gamenet secure Italy’s biggest retail betting presence adding +900 new betting points to its existing network, which services +1,700 betting concessions. ‘The Acquisition …
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