Lottomatica será listada na Bolsa de Valores de Milão

Apollo Global has finalized preparations to list Lottomatica on the Milan Stock Exchange, the Euronext Milan Exchange.

It is estimated that $467 million will be raised through an IPO (initial public offering) to return Lottomatica to Borsa Milan. This will reduce the company’s current debt, and the reserved funds will be distributed to shareholders.

Lottomatica’s net debt is expected to decline to €1.43 billion as a result of the transactions, approximately 2.4 times the adjusted EBITDA forecast for the 2023 financial year.

Preliminary earnings for the first quarter of 2023 were also revealed, with revenues increasing by as much as 20% to $465 million and adjusted EBITDA increasing by as much as 25% to $172 million.

The company’s internet activities, including the most recent acquisition, were the main drivers of growth. The business maintained its full-year sales forecast at $1.76 billion and EBITDA of $627 million, with online EBITDA forecast to reach at least $302 million.

List of Milan

The Milan listing would mean an exit for Apollo from the Italian gaming sector, where the U.S. venture capital firm funded Gamenet’s acquisition of Lottomatica’s B2C assets for $1.1 billion in 2021.

The acquisition changed the landscape of Italian gambling, as Gamenet took on the historic name of Lottomatica to become the largest physical operator in the market.

Lottomatica has transformed itself as it now manages a franchise network of 3,000 betting stations, 1,400 gaming rooms, 13,600 gaming machines in tobacconists/bars and 120 gaming venues.

Lottomatica

Lottomatica S.p.A. is one of Europe’s leading operators and the first Italian company approved by the Customs and Monopoly Agency in the legal gaming sector.

The Group operates in the following businesses: sports betting and online gaming, award-winning slot machines and video lottery terminals, direct management of gaming rooms and owned slot machines.

Lottomatica is an industry leader in all categories of operations, offering safe and fun gaming experiences across all sales channels. The company employs a workforce or nearly 2,000, with about 16,000 more people employed by the franchise network.

Apollo Global

Since it was established in 1990, Apollo Global has built a successful track record in B2B and B2C alternative investing, serving institutional and individual investors in risk-return-to-yield, hybrid, and equity strategies. The company has offices around the world and employs more than 2,100 employees, nearly 700 of whom are professional experts in the financial services industry.

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