SportPesa enters Italian iGaming market

Kenyan sports betting operator SportPesa has announced the acquisition of a 75% majority shareholding in RCS gaming, a licensed gaming operator which is part of Italian firm RCS Media Group.

SportPesa enters Italian iGaming market

The purchase marks SportPesa’s first foray into the Italian gaming market, with the company currently operating in its native Kenya, Tanzania, South Africa, the Isle of Man and the United Kingdom.

RCS Media Group operates a number of Italian news outlets including Corriere Della Sera and La Gazzetta dello sport. The company also operates the Spanish news website El Mundo and the Spanish football newspaper Marca. The sale is part of a concerted effort by the group to streamline a number of its ‘non-core divisions’, and focus on its key media assets across Europe.

Terms of the deal were not disclosed; however reports claim that SportPesa will take over operation of the RCS GazzaBet.it online sportbook, bringing its branding under the SportPesa umbrella.

SportPesa’s new Italian operation will be headed up by Adam Beighton, who commented that: “This acquisition also presents new opportunities to showcase to our current and future customers the SportPesa culture.”

Topics
OnlineMergers & AcquisitionsSports BettingIndustry
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Robert Simmons
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Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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