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“We’ve never had people in a more gambling mood,” Buffett observed.
In his 2022 letter to shareholders, he criticized mobile trading apps that make day trading and speculative positioning effortless, accusing them of turning the stock market into a “gambling parlor.”
Two years later, Buffett again targeted the “gamblification” of financial markets in his annual shareholder letter.
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Lottomatica CEO Guglielmo Angelozzi described its merger with Cirsa as a “low-risk proposition”, during an investor call detailing the deal on Wednesday.
The Wednesday announcement promised the merger of the two listed gaming giants would create the second-largest listed global gaming and sports betting operator, with a pro forma adjusted EBITDA of approximately €2 billion ($2.3 billion).
Angelozzi, who is set to lead the combined company as CEO, told analysts on the post-announcement call that the deal was expected to be a “low-risk proposition” given the consistent growth demonstrated by both Lottomatica and Cirsa in recent years.
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The release underlines Blueprint’s ability to introduce fresh iterations to a series players already know
That framing positions Triple Power Cash Strike as a portfolio-reinforcement play. It’s no break with the studio’s established output. The release underlines Blueprint’s ability to introduce fresh iterations to a series players already know, blending new features with mechanics that have proven their worth. For a franchise already earning across multiple regulated markets, that is the point. Extend what works, and keep the series in front of both operators and returning players.
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