.
MergerLinks Header Logo

New Deal


Announced

Lottomatica to acquire Betflag for 310m.

Financials

Edit Data
Transaction Value£268m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA8.61x
Share Price Premium-
One Off Charge-

Tags

Edit

Private

betting and gaming

Domestic

Majority

Friendly

Acquisition

Italy

Single Bidder

Casinos and Gambling

Pending

Synopsis

Edit

Lottomatica, an Italy-based gaming company, agreed to acquire Betflag, a remote gaming and betting company, for €310m. "The transaction allows Lottomatica Group to consolidate its presence in the Italian market, particularly strengthening its position in the online casino games sector, and represents a key milestone for the Group's multi-brand strategy, aimed at ensuring full coverage of the different product verticals and the different player clusters," Lottomatica Group.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US