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Investing.com - Lottomatica Group SpA shares rose more than 7% on Monday, after the Milan-listed gaming provider announced that it expects additional online EBITDA of 200 to 300 million euros on a run-rate basis by the third year following the completion of its acquisition of the Spanish casino operator Cirsa.
The company had released further information on September 7 regarding Cirsa’s markets in Spain and the “rest of the world,” following the announcement of the transaction on September 2.
Lottomatica stated that the additional details were provided “in response to the significant interest from investors and analysts in recent days.”
The company explained that the target for the additional online earnings reflects the opportunity to leverage Lottomatica’s technology, product capabilities, and omnichannel expertise—combined with Cirsa’s market presence, customer base, and local roots in high-growth markets—to drive growth in the merged company’s online business.
Lottomatica emphasized that the estimate of 200 to 300 million euros is not included in the synergies already announced as part of the transaction.
