Flutter-owned operator Sisal announced that it is unifying its Italian operations into a single legal entity, Sisal Italia SpA.
The corporate reorganisation will see the Italian-facing business merge its Italian lottery subsidiary Sisal Lottery Italia into its gaming division Sisal Entertainment to form the new entity.
The business said that following the reorganisation the parent company Sisal SpA owns 100% of the share capital of the new company. This new business in turn owns 100% of Sial Gaming Srl. This company is directly managed by Sisal, and is concerned with the development, rental and management of gaming machines, as well as the creation of gaming software.
The €1.91bn Flutter acquisition of Sisal concluded in August 2022. Flutter said that the transaction was part of the businesses strategy of building leadership positions in a variety of regulated markets globally.
The business is the operator of the Italian national lottery and remains one of the largest gaming business in multiple verticals in the country. In 2022, Sisal was the second largest business in the Italian online casino market at 11.9% market share, 0.5% below that of the market leader Lottomatica.
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