Lottomatica approves CIRSA merger plan with $831 million shareholder payout

The boards of Lottomatica Group and CIRSA Enterprises have approved a common merger plan under which Lottomatica will absorb CIRSA , with the combined group targeting annual revenues exceeding €4.5 billion ($5.03 billion) and a €744 million ($831.43 million) shareholder capital return following completion. The merger plan formalizes the proposed combination first announced on September 2, 2026. Under the terms, CIRSA will cease to exist as a separate legal entity without undergoing liquidation, while Lottomatica will remain the surviving company.