Consolidation In Italy?
By Casinomeister, Last updated Sep 25, 2015
Reports that Lottomatica has its sights on Sisal
The industry trend toward consolidation reached Italy this week with media reports that Lottomatica and Sisal Italia have recommenced merger negotiations that could lead to the creation of Italy's biggest online and retail betting group with a value of over Euro 1.5 billion.
La Repubblica, a major Italian newspaper, reported that Sisal has reconsidered its buy-out options following the cancellation of its IPO earlier this year, and that Lottomatica remains its preferred partner in a potential agreement.
The two organisations have discussed a merger on and off since early this year, the newspaper reports, and have again started talking.
Escalating taxes and reduced wagering have put more pressure on the market for consolidation, which local analysts expect will be a feature in coming months and years.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
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