(Finance) – I October data from online casinos (main Online segment) continue to confirm a very solid performance of the Italian market and the leadership position of Lottomaticaa group listed on Euronext Milan and the largest operator on the Italian gaming market. Analysts say so Equitywhich have a target price of 15.30 euros per share and a “Buy” recommendation on the stock.
The data showed a strong performance, up +19.6% YoY in spend to €252 million, compared to Equita’s assumption of +15% (and +11% for 2025). The performance since the beginning of the year is +18.5%, confirming a consistently increasing double-digit growth every single month year to date.
There Lottomatica’s share was 30.54%the highest market share recorded since the beginning of the year. An average share of 29.7% is assumed in 4Q24.
The share of Flutters was 18.87% (Sisal, Pokerstars, Tombola, Betfair), to which add 6.71% of Snaitech. Entain has a share of 8.17% (Eurobet, Bwin). Lottomatica therefore has the gap vs. increased in October Flutters to 4.9pp (from 3.3pp in September).