Lottomatica reported a 3% growth in its third-quarter adjusted core profit on Tuesday. The Rome-based firm got a boost from strong online and sports betting volumes. This result follows the company’s recent plan to buy Spanish peer Cirsa for €2.8 billion, marking a major move in the European gambling market.
Nov 3 (Reuters) - Italian betting firm Lottomatica (LTMC.MI), opens new tab reported 3% growth in its third-quarter adjusted core profit on Tuesday, thanks to double-digit growth in online and sports betting volumes.
The Rome-based company operates primarily in Italy, the largest regulated gambling market in Europe. This is the first round of results since it proposed a merger with Spanish peer Cirsa (CIRSA.MC), opens new tab through a €2.8 billion ($3.1 billion) acquisition in September.
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