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ناظورسيتي
Italian firm extends reach in Morocco with major gambling deal
The Italian group «Lottomatica», specialized in the gaming and betting sector, announced a merger agreement with the Spanish group «CIRSA» valued at approximately €3.3 billion, aimed at expanding its presence in the Moroccan market. The merger will result in the transfer of CIRSA's 76% stake in the Tangier Casino to Lottomatica, strengthening its presence in Morocco and making it the second-largest gaming and betting company worldwide after «Flutter». CIRSA's investments in Morocco include casinos in Marrakech and Agadir. The deal is expected to be completed in the second quarter of 2027 after fulfilling legal procedures and obtaining regulatory approvals. This significant transaction is among the largest in the sector in recent years and represents a strategic expansion for the Italian group in the Moroccan market.
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