Business and regulatory reporting on Lottomatica.
Business and regulatory reporting. Dates show when reports were published; they do not establish when a change took effect or whether a relationship continues.
Lottomatica and CIRSA signed a plan setting out CIRSA's proposed merger into Lottomatica. The companies confirmed the agreement in a joint statement on 8 October after disclosing the deal in September.
The boards of Lottomatica Group and CIRSA Enterprises have approved a joint merger plan. The plan sets out terms for Lottomatica to absorb the Spanish company.
Also in this report: CIRSA
The report said on 9 October that the boards of Lottomatica and CIRSA approved a merger plan ahead of November votes. Independent expert BDO confirmed that the exchange ratio was fair.
Also in this report: CIRSA
The boards of Lottomatica Group and CIRSA Enterprises approved a joint cross-border merger plan on 8 October. The plan sets terms and conditions for absorbing CIRSA into Lottomatica.
Also in this report: CIRSA
Casaleggio Associati ranked Sisal first among Italian betting and casino websites, followed by Goldbet, Planetwin365 and Lottomatica. Its October ranking estimated monthly unique visitors at 8.4m, 2.87m, 2.54m and 1.73m respectively. The research excludes app traffic and uses estimated traffic alongside brand popularity, visit duration and bounce rates.
Also in this report: Sisal · Goldbet · Planetwin365 · Italy
Morocco, Tunisia and Egypt block offshore betting and treat it as a criminal activity without providing an online licensing route. The report places these restrictions alongside Lottomatica’s absorption of Cirsa’s casinos.
Also in this report: CIRSA
The report said that AGIC called for reform of Italy’s physical gambling market to receive urgent attention. The association represents concessionaires including bet365, Brightstar, Eurobet, Lottomatica and Sisal.
Also in this report: bet365 · Brightstar Lottery · Eurobet · Sisal
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Co-mentions in the same reports. These do not establish a business relationship. Countries identify the subject of reporting, not where a company operates.
Newest first, grouped by month.
The ranking compares website popularity using estimates, excluding traffic from operators’ mobile apps.
The signed plan sets out CIRSA’s proposed merger into Lottomatica, giving investors a formal agreement following September’s disclosure.
Board approvals advance the merger plan setting terms for Lottomatica to absorb CIRSA.
Lottomatica and CIRSA’s merger plan has board approval ahead of November votes, with BDO confirming the exchange ratio’s fairness.
The approved cross-border merger plan sets terms and conditions for absorbing CIRSA into Lottomatica.
Cirsa shareholders would receive 0.668 Lottomatica shares per share under the merger plan approved by both boards.
Investors have Morales-Hermo’s favourable assessment that the all-share merger would improve the combined group’s retail and online operations.
Offshore betting prohibitions and absent online licensing routes limit operators’ regulated entry options in Morocco, Tunisia and Egypt.
Corporate and regulatory approvals remain conditions for completing the combination of Cirsa and Lottomatica.
Investors gain management’s assessment of the merger, with Angelozzi citing CIRSA’s eight leadership positions to support his confidence.
Lottomatica’s merger assessment links confidence in Cirsa’s management with lessons from earlier deals that failed after excessive changes were sought.
The proposed Lottomatica–Cirsa merger would create the second-largest listed gaming operator worldwide by EBITDA.
The merger values Cirsa at six times its expected 2026 EBITDA of €800m.
Cirsa shareholders would hold 32.5% of the combined company, subject to shareholder and regulatory approvals.
The merger would combine the operators under Lottomatica and support CIRSA’s online expansion using Lottomatica’s digital capabilities.
The launch expands ENJOY’s distribution across Lottomatica brands.
The association is seeking progress on retail gambling reform for its concessionaire members.
The integration adds two Italian operator platforms to ENJOY Gaming’s distribution.
Online operations now contribute 44% of Lottomatica’s revenue.
Online expansion contributed to higher revenue and pre-tax profit at Lottomatica.
Lottomatica · Euronext Milan: LTMC. Share price end-of-day, delayed; not investment advice.
| Quarter ended | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | EUR 540.2m | EUR 509.6m | EUR 612.7m | EUR 600.0m | EUR 563.6m |
| EBITDA | EUR 179.9m | EUR 153.0m | EUR 266.1m | EUR 203.8m | EUR 193.4m |
| Operating income | EUR 110.9m | EUR 95.3m | EUR 145.3m | EUR 148.9m | EUR 117.9m |
| Net income | EUR 14.5m | EUR 28.5m | EUR 81.0m | EUR 66.5m | EUR 44.4m |
| Diluted EPS | 0.06 | 0.11 | — | 0.28 | 0.19 |
| Cash & equivalents | EUR 271.4m | EUR 221.2m | EUR 143.9m | EUR 119.3m | EUR 366.5m |
Figures as reported in each company’s currency; Q4 values for US filers may be derived as full year minus nine months. EBITDA is a company-defined or data-provider measure where shown.
Next results expected: 3 November 2026 (provisional).
End-of-day, delayed; not investment advice. Data and methodology · All gaming stocks
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