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Lottomatica considers $1bn IPO

Lottomatica considers $1bn IPO

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Italian gambling giant, Lottomatica, is reported be considering a Milan initial public offering (IPO) this year that could raise up to $1billion.

According to a Bloomberg report, the company is said to be working with banks including UniCredit SpA as it evaluates a proposed 2023 listing. A valuation of the company of around $5billion including debt is said to be being sought.

Lottomatica is Italy’s largest land based gaming operator, and is also active in the online and sports betting sectors.