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1/st Technology acquires DRF Bets from Affinity Interactive

Deals & M&A

1/st Technology has acquired the DRF Bets platform from Affinity Interactive, with Xpressbet assuming ownership and operational control on 10 June. The platform has been renamed 1/st Bet Pro. Affinity Interactive chief executive Scott Butera said the sale would let the company focus on DRF's racing data, handicapping and content; 1/st Technology president Keith Johnson said it would continue serving DRF Bets customers.

The acquisition transfers the DRF Bets platform to 1/st Technology and changes its brand to 1/st Bet Pro.

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Deals & M&A

Capula takes €65 million positions in CIRSA-Lottomatica merger

Capula Investment Management has taken positions in CIRSA and Lottomatica ahead of their proposed merger, reportedly seeking to benefit from a difference in their share prices and the exchange value. Its declared CIRSA exposure is about €30 million, while its short position in Lottomatica is valued at about €35 million; the integration is planned for Q2 2027, subject to approvals.

Capula Investment Management has reportedly taken positions in CIRSA and Lottomatica ahead of their planned merger. The arbitrage strategy seeks to benefit from differences between the companies' share prices and the value resulting from the deal.

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