Lottomatica to merge with Cirsa in all-share transaction
Italian betting company Lottomatica is set to merge with Spain’s Cirsa in an all-share deal, forming the world's second-largest publicly listed gaming and sports-betting entity. The merger will see Cirsa shareholders receive 0.668 new Lottomatica shares for each share they hold. This strategic move aims to consolidate market presence across Europe by combining two major regional players. The transaction is expected to enhance operational efficiencies, expand the combined company's geographic footprint and customer base, and strengthen its competitive position in the rapidly growing online gaming sector. The deal reflects a broader trend of consolidation within the global iGaming industry as firms seek scale and regulatory advantages.
Topics: corporate-mergers gaming sports-betting