Sports betting

Apollo takeover sees Lottomatica conquer Italian online betting rankings

Business consolidates alongside Gamenet and Goldbet to become major sports betting leader with May GGR of €29.2m

New-look Lottomatica has stormed to the top of the Italian online betting rankings for May after raking in monthly gross gaming revenue (GGR) of €29.2m. Lottomatica, which finished seventh in April, has now consolidated with Gamenet and retail leader Goldbet following its €950m acquisition by private equity giant Apollo Global Management. The combined business earned…

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