Lottomatica Group

Lottomatica Group is an Italian gambling and gaming company and the country's leading operator in the legal gaming market, authorized by Italy's Customs and Monopoly Agency. It runs its business across three segments, online gaming, sports betting, and physical gaming halls, through the largest distributed gambling network in Italy. Lottomatica listed on Euronext Milan on May 3, 2023, in what was at the time the largest European initial public offering of that year, raising 600 million euros with the possibility of 690 million euros including the over allotment option, and it was valued at 2.265 billion euros at listing with a 26.5 percent free float. Before the listing the company was owned by the private equity firm Apollo Global Management, under whose ownership management reported that the company had tripled its earnings before interest, taxes, depreciation and amortization over about three years through organic growth and acquisitions.