Lottomatica Group chief executive Guglielmo Angelozzi said the Italian government was working on new retail gambling concessions and planned to take a proposal to the Unified Conference. He made the remarks during the company’s presentation of its 2025 results.
The planned concessions could determine the framework for retail gambling operators in Italy.
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Lottomatica reported a 3% rise in adjusted operating profit for the third quarter of 2026, with revenue up 5% to €537 million and adjusted EBITDA of €200 million. The company maintained its 2026 guidance and said it expected adjusted operating profit at the upper end of its €940 million to €980 million range; nine-month betting turnover rose 8% to €35 billion.
Lottomatica expects its acquisition of Cirsa to complete in Q2 2027, chairman and chief executive Guglielmo Angelozzi said during the company's Q3 earnings call. The deal was announced at €2.8bn; Lottomatica reported Q3 revenue of €537m, up 5% year on year, and adjusted EBITDA of €200m, up 3%.
Lottomatica Group and CIRSA Enterprises have approved a plan for Lottomatica to absorb CIRSA, the companies announced. CIRSA shareholders would receive 0.668 Lottomatica shares for each share exchanged and an extraordinary dividend of €1.56 per share, totalling about €262 million; after completion, Lottomatica intends to propose a further €744 million capital return. The merger remains subject to regulatory approvals and shareholder votes expected by the end of November 2026.
Lottomatica Group and CIRSA Enterprises agreed a plan for CIRSA to merge into Lottomatica, with completion expected in the second quarter of 2027 if shareholder, regulatory and other conditions are met. CIRSA shareholders would receive 0.668 newly issued Lottomatica shares per share, and CIRSA plans to pay an extraordinary dividend of €1.56 per share before completion.
Reportedly, Lottomatica chief Guglielmo Angelozzi voiced confidence in the CIRSA merger. He pointed to CIRSA’s eight leadership positions and separately highlighted opportunities in Italy.