Vienna, 14. November 2023 – SKS365, one of the main omnichannel operators in the Italian online and sports betting market, announced that it has reached a definitive agreement to be acquired by Lottomatica Group S.p.A. Schindler Attorneys has advised SKS365 on the Austrian law aspects of the transaction.
The acquisition, valued at an Enterprise Value of €639 million, is expected to be completed in H1 2024, subject to customary competition and regulatory approvals. The deal will allow SKS365 to accelerate its growth and strengthen its market position in the Italian gaming and betting industry. The group currently has approximately 600,000 registered online customers, valuable brands – including Planetwin365 and PlanetPay365 – and a network of about 1,000 retail sports betting outlets. The company has a market share of 9.6% in the iSports segment and 6.4% in the iGaming segment and is expected to generate €74m of EBITDA in FY2023, of which approximately 70% online and 30% Sports Franchise.
“At SKS365 we are proud to become part of the Lottomatica Group. We could not have found a better partner to continue our vision for SKS365 with the brands PlanetWin365 and PlanetPay365. Many thanks to our shareholders, all employees and partners developing under my leadership a highly successful omnichannel operator with a strong momentum in online sports betting and iGaming that is complementing our strong retail network. I am thankful to continue to lead the SKS365 team and I am looking forward to working closely with Guglielmo Angelozzi and our new colleagues at Lottomatica”, said Alexander Martin, CEO of SKS365.
With €22.8 billion of bets and €1.4 billion of revenues in FY 2022, Lottomatica is the largest player in the Italian gaming market based on revenues. It operates across three segments: Online, Sports franchise and Gaming franchise. Lottomatica offers safe and engaging gaming experiences across all channels. The Group counts on the expertise of approximately 1,600 direct employees and its large franchising network. As of 31 December 2022, Lottomatica has a customer base of more than 1 million online customers and distributes its gaming products across approximately 18,000 points of sales.
The transaction team at Schindler Attorneys, led by partners Clemens Philipp Schindler (Corporate law/M&A and Tax) as well as Martin Abram (Corporate law/M&A), further included senior associate Daniel Kropf (Tax) and associate Stephan Bartmann (Corporate law/M&A and Tax). Lead counsel to SKS365-Group was the Italian firm GIANNI & ORIGONI.
DDr. Clemens Philipp Schindler, LL.M.
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