{"id":7032,"date":"2024-04-25T11:00:07","date_gmt":"2024-04-25T11:00:07","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/04\/25\/lottomatica-acquires-sks365-to-strengthten-position-in-italian-market\/"},"modified":"2024-04-25T11:00:07","modified_gmt":"2024-04-25T11:00:07","slug":"lottomatica-acquires-sks365-to-strengthten-position-in-italian-market","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/04\/25\/lottomatica-acquires-sks365-to-strengthten-position-in-italian-market\/","title":{"rendered":"Lottomatica Acquires SKS365 To Strengthten Position In Italian Market"},"content":{"rendered":"<div>\n<p>In November 2023, Lottomatica completed the acquisition of SKS365 Malta, valuing the business at \u20ac639 million. This was a big step. By acquiring all of SKS365 Malta\u2019s share capital, Lottomatica is demonstrating its commitment to growing its market share in Italy.<\/p>\n<p>Lottomatica stressed that the purchase will strengthen its portfolio of brands and quicken its rate of expansion. Lottomatica recognized tremendous potential in this cooperation since SKS365 has a strong online presence with flagship brands like PlanetWin365 and PlanetPay365, in addition to over 1,000 retail <a href=\"https:\/\/igaming.org\/sports\/section\/about-sports-betting\/\">sports betting<\/a> locations.<\/p>\n<h2><strong>Enabling the Next Phase of Growth<\/strong><\/h2>\n<p>CEO Guglielmo Angelozzi expressed confidence in the value of SKS365\u2019s brands, deeming them \u201chighly valuable and complementary\u201d to Lottomatica\u2019s portfolio. He reiterated Lottomatica\u2019s commitment to supporting SKS365 in its next phase of growth, leveraging the collective strengths of the enlarged group.<\/p>\n<p><em>\u201cWe add highly valuable and complementary brands to our portfolio,\u201d<\/em> Angelozzi said. <em>\u201cWe will provide all the necessary support for the next phase of growth by leveraging the skills of the enlarged group.\u201d<\/em><\/p>\n<p>With the completion of the acquisition, Lottomatica announced plans to update its FY 2024 guidance to incorporate the anticipated results from SKS365. The financing for the purchase comprises a combination of available cash and additional debt, underscoring Lottomatica\u2019s strategic approach to acquisitions and growth initiatives.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>After a fiercely intense bidding process, Lottomatica defeated industry titan Playtech to acquire SKS365. Even though Playtech and SKS365 had preliminary discussions, <a href=\"https:\/\/igaming.org\/casino-news\/lottomaticas-e500m-bond-issue-and-e50m-borrowing-for-sks365-acquisition\/\">Lottomatica\u2019s bid was accepted<\/a>, securing its place in the Italian gambling industry.<\/p>\n<p>Playtech acknowledged that other companies, such as Flutter, were interested in its products, but it was unsure how its acquisition efforts would turn out. In the end, Lottomatica\u2019s winning bid completed the acquisition, setting the business up for future development and expansion in the gaming sector.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/lottomatica-acquires-sks365-to-strengthten-position-in-italian-market\/\">Lottomatica Acquires SKS365 To Strengthten Position In Italian Market<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In November 2023, Lottomatica completed the acquisition of SKS365 Malta, valuing the business at \u20ac639 million. This was a big step. By acquiring all of SKS365 Malta\u2019s share capital, Lottomatica is demonstrating its commitment to growing its market share in Italy. Lottomatica stressed that the purchase will strengthen its portfolio of brands and quicken its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7032","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7032"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7032\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}