By SectorWire desk ·
The report said that CIRSA’s online division generated €169m in Q2 revenue, increasing 22.4% year-on-year. Online EBITDA declined 1.1% to €30.7m despite growth in betting and casino turnover.
Higher online revenue did not translate into increased divisional EBITDA.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
CEJUEGO’s proposals seek consistent regulatory treatment for public and private operators and assessment of existing restrictions before further rules.
The signed plan sets out CIRSA’s proposed merger into Lottomatica, giving investors a formal agreement following September’s disclosure.
The approved cross-border merger plan sets terms and conditions for absorbing CIRSA into Lottomatica.
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.
Cirsa shareholders would receive 0.668 Lottomatica shares per share under the merger plan approved by both boards.