Lottomatica Group to Merge with CIRSA, Creating €2 Billion Gaming Giant

Lottomatica Group has entered into a binding agreement to acquire CIRSA in an all-share merger, a deal expected to create a gaming and sports betting operator with approximately €2 billion of pro forma adjusted EBITDA. The agreement, signed on September 2, 2026, will make Blackstone the largest single shareholder in the combined company, which is projected to be the second-largest listed gaming and sports betting operator globally. This merger significantly impacts the international gaming industry landscape.