Lottomatica, Cirsa Merge to Form Global Gaming Giant

By EC Assets · Published 2 September 2026

Italian gaming company Lottomatica will absorb Spain’s Cirsa in an all-share deal valued at $3.2 billion. This transaction creates the world’s second-largest publicly listed gaming and sports-betting company. The combined entity will be led by Guglielmo Angelozzi. The merger involves Cirsa shareholders receiving 0.668 new Lottomatica shares for each Cirsa share they own. Following the all-share transaction, Blackstone will become Lottomatica’s reference shareholder. Lottomatica shareholders are expected to own 67.5% of the combined company. The deal merges two significant gaming operators, Italian betting company Lottomatica and Spain’s Cirsa. The combined entity will be the second-largest listed gaming and sports betting operator globally. The agreement establishes a colossus in the gaming sector. This article is intended for informational purposes only. It does not constitute investment advice.