Italian gaming giant Lottomatica announced plans to acquire 100% of SKS365 — a sports betting and gaming operator among the top five in the country.
To finance the acquisition, Lottomatica will issue €500 million in debt bonds. These bonds will have a fixed rate of 7.125% per unit, redeemable in 2028. Additionally, the amount will include floating rate bonds with a 2030 maturity date. Subject to approval from antitrust and regulatory bodies, the purchase of SKS365 is expected to be completed in the first half of 2024.
Lottomatica stated that the acquisition will support the company's long-term growth strategy, strengthen its position in Italy, and expand its service portfolio.
