Lottomatica and Cirsa boards approve €34 billion merger plan

Lottomatica and Cirsa have approved a plan to combine, with Cirsa becoming part of Lottomatica.

The new group would be valued at €34 billion and become the world’s second-largest listed gaming and sports betting operator.

The companies estimate that shareholders could receive up to €4 billion in dividends over three years after the merger is completed.

The plan still needs the required approvals.