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Business & M&AiGaming Today · Sep 2

Lottomatica to Absorb Cirsa in All-Share Deal, Leaving Blackstone as Biggest Investor in New Gambling Giant

By Ingi Thor ArngrímssonSeptember 2, 2026

The brief

The cross-border merger will eliminate Cirsa as a standalone legal entity, put roughly a third of the enlarged company in the hands of its existing shareholders and set up more than €1 billion in transaction-related capital distributions. Cirsa’s life as an independent listed company is set to be unusually short. The …

Original report

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