NewzThe Italian gaming company Lottomatica has announced a merger with the Spanish firm Cirsa, currently owned by the investment fund Blackstone. Under the terms of the agreement, Lottomatica will absorb Cirsa, effectively creating a new global leader in the gaming and betting sector. The transaction occurs approximately one year after Lottomatica’s initial public offering.
Following the completion of the merger, Blackstone will retain a 24% stake in the newly formed entity. This consolidation marks a significant shift in the European gaming market, combining the operations of two major industry players to scale their international presence.
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