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Italian gambling firm Lottomatica gains after "reassuring" Q3 results

By Reuters News

** Shares in Italian gambling firm Lottomatica LTMC.MI up 2.5% after posting on Tuesday its third-quarter results

** J.P. Morgan sees the release as "reassuring", flagging iGaming and iSports market share gains to 31.2% and 34.8% respectively in the period

** "Short term margin volatility should be expected, with the long-running trajectory ever-higher - we see this as an excellent buying opportunity," Jefferies says

** Banca Akros flags that Online Casino (iGaming) represents almost 60% of Lottomatica's 2026 total wagers, the above growth trends and market share performances are solid

** "No material update on the Cirsa CIRSA.MC deal was provided in today's release, though management indicated it is actively working on the upcoming integration, with closing still expected in Q2 27," JPM adds

** Lottomatica is currently the top gainer on Italy's blue-chip index .FTMIB, which trades down around 1%

** Including Tuesday's rise, the stock has gained almost 22% YTD​

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