Selling 6.4% of Lottomatica's shares is finalised by Gamma Intermediate.

18 January 2024

Selling 6.4% of Lottomatica's shares is finalised by Gamma Intermediate.

Selling 16.4 million shares, or 6.4% of Lottomatica's total outstanding shares, was finalised by Gamma Intermediate.
Lucky Number H1
Even though Lottomatica was sold for €152 million (£130.5 million or $165.5 million), Gamma Intermediate still owns 65.4% of the company.

Through an expedited bookbuilding procedure, Gamma Intermediate was able to close the purchase at €9.50 per share. There was no public offering in any country; the placement was made to institutional investors.

On or around January 22nd, Lottomatica anticipates the final settlement. The remaining shares of Lottomatica held by Gamma Intermediate are subject to a 90-day lock-up.

Purchase of SKS365 puts Lottomatica on a growth trajectory
The Italian operator SKS365 was acquired by Lottomatica in November through an agreement to acquire 100% of the share capital. The acquisition, according to Lottomatica, would allow them to further develop their brand portfolio and solidify their position in the Italian market.

Addicts in Ashford
The Italian operator sks365 was fully bought by lottomatica in November.
Lottomatica has stated that it will sell €500 million in notes to finance the transaction, which is expected to close in the first half of 2024. The business claims that SKS365 has an enterprise value of €639 million as a result of the agreement.

With over a thousand brick-and-mortar locations, SKS365 is a formidable force in the online sports betting market. Lottomatica CEO Guglielmo Angelozzi thinks SKS365 will be "highly valuable and complementary" to the group's portfolio, which also includes PlanetWin365 and PlanetPay365.

After Playtech stated it was in talks to acquire the Malta-based operator SKS365, Lottomatica emerged as the winner. According to reports, Flutter was also interested in Lottomatica, but the company stayed mum until it signed a contract with SKS365.

Solid Quarter for Lottomatica

The third quarter was a banner one for lottomatica financially.
Following a successful Q3 2023 in which Lottomatica reported increase in both sales and earnings, the company inked collaborations with Gamma Intermediate and SKS365. Additionally, it had its first full quarter after its April IPO in Q3.

Lottomatica likewise had a good first half and increased its full-year guidance as a result. Lottomatica projects adjusted EBITDA of €570 million to €590 million and sales of €1.63 billion to €1.69 billion for the entire year.

With no set date for the publishing of its Q4 and full-year reports, it is unclear whether Lottomatica reaches this full-year guidance.