5 stories found
Italian gaming operator Lottomatica will merge with Spanish competitor Cirsa in an all-share transaction valued at approximately $3.7 billion. The combination aims to create one of the world’s largest publicly traded gaming groups.
Italian sports betting company Lottomatica abruptly laid off 348 employees in its Belgrade office during working hours, sparking controversy, despite the previous year being financially outstanding for the firm.
Shares of major cybersecurity firms including Palo Alto Networks, CrowdStrike, and Fortinet have dropped significantly amid broader market volatility and profit-taking. The pullback contrasts with underlying revenue growth and sustained enterprise demand for digital security solutions.
Lottomatica's stock has seen a significant increase, driven by a share buyback program and an optimistic financial outlook.
Lottomatica's CEO, Guglielmo Angelozzi, has been named the best European CEO in the Leisure & Hotels Mid Cap sector by Extel Survey 2026, based on evaluations from institutional investors and analysts.