By The Weekly Edge desk ·
Lottomatica described a merger with Cirsa as low risk, iGaming Business reported on 3 September. Angelozzi expressed confidence in Cirsa's management and said earlier deals had failed after Lottomatica sought excessive changes to acquired businesses.
Lottomatica’s merger assessment links confidence in Cirsa’s management with lessons from earlier deals that failed after excessive changes were sought.
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The proposed Lottomatica–Cirsa merger would create the second-largest listed gaming operator worldwide by EBITDA.
The merger values Cirsa at six times its expected 2026 EBITDA of €800m.
The signed plan sets out CIRSA’s proposed merger into Lottomatica, giving investors a formal agreement following September’s disclosure.
Board approvals advance the merger plan setting terms for Lottomatica to absorb CIRSA.
Lottomatica and CIRSA’s merger plan has board approval ahead of November votes, with BDO confirming the exchange ratio’s fairness.
The approved cross-border merger plan sets terms and conditions for absorbing CIRSA into Lottomatica.