Lottomatica praises Borsa's 30% increase in online revenue.

Lottomatica Group is on track to meet its main goals for relisting on Borsa Milan by May 2023. In their trading results for the first nine months of 2023, they revealed a gross gambling revenue (GGR) of €2.8bn, indicating a 7% pro-forma growth in essential business segments.

The GGR increase aligns with a 19% rise in the year-to-date wagering volume, reaching €21.7bn compared to €18.2bn in YTD 2022. This growth is attributed to the inclusion of Lottomatica Better, Betflag assets.

Year-to-date trading shows net revenues at €1.19bn, a 12% increase from the 2022 pro-forma results of €1.06bn. Lottomatica highlighted its online sector as a star performer, generating revenues of €374m, a 30% increase from YTD 2022.

Retail growth is supported by expanded Sports and Gaming subsidiaries, with the former recording a 10% increase and the latter at €543m (up by 3%) from YTD 2022.
In the Italian gambling landscape, the augmented Lottomatica claims a 21.2% market share, including 20% in sports betting and 21% in the igaming arena.

 

[CR7]

It's great to see that Lottomatica Group is making positive strides towards its goals for relisting on Borsa Milan by May 2023. The trading results for the first nine months of 2023 indicate a strong performance, with a gross gambling revenue (GGR) of €2.8bn, representing a 7% pro-forma growth in essential business segments.

One of the key drivers behind this growth is the 19% increase in the year-to-date wagering volume, which reached €21.7bn compared to €18.2bn in the same period in 2022. This can be attributed to the inclusion of Lottomatica Better and Betflag assets, which have contributed to the company's overall performance.

The net revenues for the year-to-date period stand at €1.19bn, a solid 12% increase from the pro-forma results of €1.06bn in 2022. Notably, Lottomatica has highlighted its online sector as a star performer, generating revenues of €374m, marking an impressive 30% growth compared to the same period last year.

In terms of retail growth, Lottomatica's expanded Sports and Gaming subsidiaries have played a role. The sports betting subsidiary saw a 10% increase, while the gaming subsidiary recorded revenues of €543m, up by 3% from the year-to-date figures in 2022.

With these strong results, Lottomatica has become a significant player in the Italian gambling landscape, boasting a market share of 21.2%. Within this, they hold a 20% share in sports betting and a 21% share in the igaming arena.

Overall, Lottomatica Group's performance in the first nine months of 2023 showcases their progress towards their relisting goals and their position as a key player in the Italian gambling market.