We will provide all the necessary support for the next phase of growth by leveraging the skills of the enlarged group.'Īlexander Martin, CEO of SKS365, said: ' At SKS365 we are proud to become part of the Lottomatica Group. We add highly valuable and complementary brands to our portfolio. Guglielmo Angelozzi, Lottomatica CEO, commented: ' We’re thrilled to welcome SKS365, one of the leaders in the industry, to our group in Italy. The company has a market share of 9.6% in the iSports segment and 6.4% in the iGaming segment and is expected to generate €74 million ($79 million) of EBITDA for its 2023 financial year, with 70% coming from online and 30% retail. In addition, Lottomatica expects to achieve cash cost synergies of €60 million ($64.2 million) and revenue synergies of at least €5 million ($5.3 million) by 2026.Īccording to a press release, the deal will allow SKS365 to 'accelerate its growth and strengthen its market position in the Italian gaming and betting industry.' The group currently has approximately 600,000 registered online customers, valuable brands, including Planetwin365 and PlanetPa圓65, and a network of about 1,000 retail sports betting outlets. Subject to securing anti-trust and regulatory approvals, the acquisition is due to be completed in the first half of 2024. Lottomatica plans to finance the deal with a combination of available cash and additional debt, with the agreement covering 100% of SKS365 Malta’s share capital and placing it at an enterprise value of €639 million ($678 million).

Italian-facing bookmaker and gaming operator SKS365 announced that it has reached a definitive agreement to be acquired by Lottomatica Group S.p.A.

Casino live lottomatica