Lottomatica Holds 31.7% of Italy Online Betting as CIRSA Merger Nears November Close

Lottomatica remains the leader in Italy's gambling market, with the Milan-listed operator reporting a 31.7% share of the country's online betting sector for the third quarter. The figure was included in the group's latest financial update, which reaffirmed its position at the top of the Italian market.

The third-quarter market share is the central operating metric in the update. It indicates that Lottomatica continues to hold the largest slice of Italy's regulated online betting activity. The company is listed on the Milan stock exchange.

Alongside the Italian trading update, Lottomatica's leadership is focused on completing an all-share merger with CIRSA, the Spanish gambling group. The transaction is scheduled to close in November. Under an all-share structure, the combination is effected through an exchange of shares rather than a cash payment.

The planned tie-up would join an Italian market leader with a major Spanish operator. Lottomatica's latest disclosure keeps attention on both its domestic competitive position and the final steps of the CIRSA transaction. The November close is the next milestone for the combined group.