At what enterprise value was LOTTOMATICA acquired in 2020?

During the acquisition of LOTTOMATICA by GAMENET GROUP in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of LOTTOMATICA when it was acquired by GAMENET GROUP?

The estimated EV/EBITDA multiple for LOTTOMATICA is in the range of below 5x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was LOTTOMATICA acquired by GAMENET GROUP?

LOTTOMATICA was acquired by GAMENET GROUP in 2020.

What was the revenue of LOTTOMATICA at the time of the deal?

The revenue of LOTTOMATICA at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of LOTTOMATICA during the acquisition?

LOTTOMATICA's EBITDA is estimated to be in the range of 150M - 250M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the LOTTOMATICA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the LOTTOMATICA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://lottomaticagroup.com/Lottomaticagroup.com/media/library_documents/Investors/Gamma-Bidco-Signing-Press-Release-071220.pdf

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Home Database Retail & ConsumerLOTTOMATICA

12/2020

LOTTOMATICA acquired by GAMENET GROUP

ITALY Gambling & Betting EV 500M - 1.5b EUR

Context

IGT’s Italian B2C businesses has been acquired by Gamenet Group, a subsidiary of the Apollo-backed Gamma Bidco. Strategically, this acquisition marks the creation of the undisputed market leader in the Italian gaming sector, effectively doubling the group’s size and significantly enhancing its competitive moat across online and retail channels. The rationale for the deal centers on achieving significant cost synergies—projected at up to 50 million EUR annually within 24 months—and the vertical integration of high-quality B2C assets. Despite the market uncertainty of the COVID-19 pandemic, the transaction demonstrates a strong conviction in the resilience of the Italian regulated gaming market and the scalability of Gamenet's platform.

LOTTOMATICA, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Retail & Consumer market trends

Target

Lottomatica’s B2C divisions represent the Italian retail and online gaming operations of International Game Technology (IGT). The business operates as a leading multi-channel provider in the Italian gaming market, with a dominant presence across online gaming, sports betting, and gaming machines. Its operational infrastructure includes a comprehensive network of Amusement with Prize (AWP) machines and Video Lottery Terminals (VLTs) distributed throughout Italy. The company’s business model is built on high-volume transaction processing and a diversified gaming portfolio that caters to a broad consumer base through both digital platforms and physical points of sale. By leveraging recognized brand equity and a robust technological framework, the firm maintains a high degree of market share in the regulated Italian betting sector. The company's value proposition is centered on providing a secure and regulated gaming experience, supported by a sophisticated data-driven approach to customer management and odds-setting.

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09/2022	GROUPE FDJ	ZETURF GROUP	FRANCE	Gambling & Betting	Groupe FDJ announced the acquisition of 100% of ZEturf Group to strategically enter the online horse racing and poker markets. This transaction is a key component of FDJ’s broader ambition to become a dominant player in the competitive online gaming sector, moving beyond its traditional lottery roots. By acquiring ZEturf, FDJ becomes the fourth-largest operator in the French competitive online gaming market, with a combined market share exceeding 10%. The strategic rationale centers on horizontal integration in a mature market, allowing FDJ to double its competitive online revenue through a single "bolt-on" acquisition
10/2017	BLACKSTONE	JOA	FRANCE	Gambling & Betting	Blackstone has completed the acquisition of JOA, one of France’s leading casino operators. The transaction follows a competitive sale process and marks a new phase in the company’s development after a period of restructuring and repositioning that strengthened its market position and operational foundations. For Blackstone, the investment is consistent with its strategy of backing established businesses operating in regulated markets with attractive consolidation opportunities. The firm intends to support JOA’s next stage of growth by building on the strength of its brand, nationwide casino network and complementary portfolio of gaming, hospitality and digital entertainment activities

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LOTTOMATICA by GAMENET GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).