Lottomatica mulls public listing

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The giant Italian gambling group, Lottomatica, is reported to be considering a public offering this year that would raise around $1bn.

Reports in Bloomberg News state that Lottomatica is currently working with a number of banks on the listing, which may appear as early as this spring.

Lottomatica is a leading operator in online gambling, bingo, slots and sports betting. It is currently backed by Apollo Global Management.

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