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Business
October 31, 2024
Lottomatica’s Q3 Results Show Strong Online Growth Amid Market Expansion
Lottomatica Group saw its numbers soar in the third quarter of 2024, with big gains in key areas even though there were some challenges in terms of profit. Lottomatica Reports 19% Revenue Surge to €1.42 Billion, Fueled by Strategic Acquisitions Italian gaming giant Lottomatica, after growing its market presence by buying other companies, showed off […]
Business
May 1, 2024
Lottomatica Posts Strong Q1 Results, Updates Guidance after SKS365 Takeover
The leading operator with a strong presence in Italy and across Europe, Lottomatica, released its latest financial update, uncovering details about its performance for the first quarter of this year. On Tuesday, the company disclosed details regarding its latest interim financial report, covering the three months ended March 31, 2024. In the first quarter of […]
Business
April 25, 2024
SKS365 CEO Departs in the Aftermath of Lottomatica’s Takeover
Lottomatica has completed its acquisition of SKS365, the latter company announced. According to the announcement the SKS365 full ownership has now been transferred to Lottomatica, marking a new chapter for both companies. The agreement was completed through GBO, an indirectly wholly owned subsidiary of Lottomatica, which acquired SKS365 Malta Holdings Limited’s entire share capital. According […]
Business
February 29, 2024
Lottomatica Boasts Strong FY 2023 Results with €1.6B
Lottomatica, a company that operates in the regulated gambling market in Italy and is de facto the first legal entity to have been authorized to provide its products locally, has boasted strong financial tailwinds, with the company generating €1.6 billion revenue in the 12 months ending on December 31, 2023. Financial Tailwinds Carry Lottomatica into […]
Business
November 28, 2023
Lottomatica to Issue €500M in Debt Bonds and Borrow €50M to Fund the SKS365 Deal
Earlier this month, Lottomatica, an Italian gaming giant, announced its plans to acquire 100% of SKS365’s share capital. The deal, which values the latter business at €639 million ($702 million) was signed recently and, if cleared by all relevant regulators, is set to close in the first half of 2024. As a result of this […]
Industry
November 2, 2023
Lottomatica’s GBO S.p.A. Buys 100% of SKS365’s Share Capital
Italy’s first operator in the legal gaming market to receive authorization from the Customs and Monopoly Agency and one of the leading names in Europe, Lottomatica Group S.p.A. (Lottomatica), has announced it is purchasing 100% of the share capital of omnichannel Italian online and sports betting operator SKS365 Malta Holdings Limited (SKS365). The acquisition deal […]
Industry
September 29, 2023
Playtech, Flutter, and Lottomatica Explore Acquisition of SKS365
SKS365 Malta Holdings has officially engaged in dialogue with Playtech as the major player in the global iGaming industry confirmed its interest in pursuing an acquisition. A successful deal would significantly strengthen Playtech’s presence in the lucrative Italian iGaming market, but interest from competitors Flutter Entertainment and Lottomatica may mean a harsh negotiation process. Playtech […]
Business
July 31, 2023
Lottomatica Posts Strong Q2 Results, Updates Guidance
Lottomatica has posted its Q2 2023 results, updating its full-year guidance on the back of continued double-digit growth. In Q2, the company reported revenue of $439 million (converted to USD). This represents a significant 20.7% year-on-year growth from the $380 million recorded in Q2 2022. However, the quarter failed to surpass Q1 2023’s record-breaking revenue […]
Sports
May 25, 2023
Lottomatica Pioneers Instant Highlights and Smart Stats Overlays for Tennis
Stats Perform announced that it has agreed to supply Italy’s leading sportsbook, Lottomatica, with a selection of tennis solutions. Thanks to the deal, Lottomatica’s Goldbet and Better brand will be able to benefit from Instant Highlights and Smart Stats Overlays. Tennis is the latest sport to be covered by these solutions, just as announced by […]
Business
May 16, 2023
Lottomatica’s Impressive Q1 Financials Bolster Its Post-IPO Ambitions
Lottomatica’s results largely mirror the broader trend in the Italian gambling industry, which has seen significant growth in recent years. Rising revenues across the board should fuel the company’s ambitions after it went public on the Borsa Milan Exchange, hopefully surpassing its projected targets. Despite the global financial instability, Lottomatica hopes to ride the expected […]
