Lottomatica moves for Italian sportsbook

Home » Lottomatica moves for Italian sportsbook

Italian gaming operator Lottomatica is to acquire online sportsbook and casino operator Betflag, it was announced just before the weekend.

Betflag is a significant Italian operator and it is being bought by Lottomatica subsidiary GBO . The deal will cost just over €300m.

It is the first important move in the market to strengthen its portfolio, since Lottomatica was sold by IGT to Gamenet Group for $950m. Betflag’s last EBITDA figure (to the end of September) was €36m.

More about:  Century Casinos back to near-normal

Leave a Reply

Your email address will not be published. Required fields are marked *

Gambling News from is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.