Stake Acquires Idealbet, Branches Out into Italian Market

In a bid to boost its global expansion strategy, Stake has acquired Baldo Line s.r.l., the Italy-based sports betting and remote gaming operator behind the Idealbet brand. This acquisition, previously part of the Octavian Group,  will bolster Stake’s presence across the Italian market as the company focuses on empowering players worldwide with top-notch entertainment.

Combined Expertise Should Deliver Stellar Results

This acquisition marks a vital milestone in Stake’s plans to introduce its innovative gaming options portfolio to Italian players, leveraging Idealbet’s established regional presence. Stake will establish a local Italian office, expanding its team of employees. Idealbet will continue to operate under its brand within the Stake portfolio, ensuring a seamless transition for current customers and operations.

Octavian CEO Simone Pachera was excited to collaborate with Stake and bring fresh content to the Italian market. Pachera noted that Idealbet had cultivated a strong foundation in the region, enabling Stake to leverage its proven track record as a globally renowned brand and deliver exceptional experiences to Italian players.

We are confident that Stake will significantly enhance the growth of Idealbet and bring renewed energy to our players, as well as the entire Italian online gaming market.

Simone Pachera, Octavian CEO

The acquisition of Idealbet will be a defining moment for Stake in terms of its global growth after it acquired Betfair Colombia in November 2023. That move signaled the operator’s first foray into the Latin American market and gave it invaluable experience adapting to new jurisdictions. Entering the mature Italian market gives Stake a robust foundation for further growth and expansion across Europe.

The Operator Maintains Robust Momentum

Stake, established in 2017, has become a world leader in the betting and gaming industry by introducing cutting-edge technology and innovative gaming options for players. The company remains committed to player safety, ensuring gambling is fun, safe, and entertaining. This customer-focused approach has paid substantial dividends, allowing Stake to win over players in diverse jurisdictions.

Brais Pena, chief strategy officer at Easygo, the Australian powerhouse behind Stake, was excited about concluding the takeover process. He noted that collaborating with Idealbet would bring Italian customers the best positive experience and hoped this milestone move would lead to sustained expansion worldwide.

This acquisition aligns with our strategic ambitions to increase our global footprint, particularly in an established region like Italy.

Brais Pena, Easygo chief strategy officer

Integrating Idealbet’s local expertise with Stake’s innovative approach and global reach puts the company at the forefront of the Italian gaming market. Jurisdictions like India have proven that the operator can thrive regardless of local challenges, and Italy should be no different. Success here could lead to further European expansion, boding well for Stake’s prospects.