Online inspires Lottomatica Q3 surge following IPO ...Middle East

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Online inspires Lottomatica Q3 surge following IPO
Lottomatica Group said online gambling performance was key to strong revenue and earnings growth in the first full quarter following its IPO. Italy’s biggest gambling group generated gross gambling revenue of €2.8bn ($3.0bn/£2.4bn) in the first nine months of the year. The period from June to 30 September came just weeks after Lottomatica debuted on the Milan Euronext in May following its €2.26bn IPO. The group’s continued strong performance meant its guidance for fiscal year 2023, which was raised in Q2, has been confirmed. Lottomatica expects revenue of between €1.63bn to 1.69bn and adjusted EBITDA of €570m to €590m. GGR at Lottomatica was up by 7% compared to the same nine-month period

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