11/20/2023 0 Comments Lottomatica casino liveIn 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.
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