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Stake enters Italy with Idealbet acquisition

31st July 2024 11:13 am GMT
Stake.com

Easygo-owned betting and gaming operator Stake has expanded into Italy after acquiring Octavian Group’s Baldo Line, operator of the Idealbet.it website.

Stake will establish a local presence by opening an office in Italy to expand its team of employees, with Idealbet continuing to operate under its own brand within the Stake portfolio.

The acquisition continues Stake's expansion into new markets following last year’s acquisition of Betfair Colombia and entry into Latin America. 

“This acquisition aligns with our strategic ambitions to increase our global footprint, particularly in an established region like Italy, and marks a significant milestone for Stake,” said Easygo chief strategy officer Brais Pena. “We’re thrilled to work with Idealbet to provide the best experience for our customers.”

Octavian Group CEO Simone Pachera commented: “We’re excited to collaborate with Stake and usher in a new experience for our customers, further expanding the market in Italy. Since acquiring Baldo Line, we have built a strong foundation for Idealbet through our AGP gaming platform and HubCasino aggregator.

“Now, we are thrilled to transition operations to Stake, a globally renowned brand with a proven track record of delivering exceptional player experience. We are confident that Stake will significantly enhance the growth of Idealbet and bring renewed energy to our players, as well as the entire Italian online gaming market.”

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