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Italian gaming operator Lottomatica will absorb Spanish competitor Cirsa in a $3.7 billion all-share transaction, creating one of the world’s largest publicly traded gaming companies. The merger aims to consolidate market presence across Europe and Latin America.
Lottomatica's stock has seen a significant increase, driven by a share buyback program and an optimistic financial outlook.
Lottomatica's CEO, Guglielmo Angelozzi, has been named the best European CEO in the Leisure & Hotels Mid Cap sector by Extel Survey 2026, based on evaluations from institutional investors and analysts.
Italian sports betting company Lottomatica abruptly laid off 348 employees in its Belgrade office during working hours, sparking controversy, despite the previous year being financially outstanding for the firm.