Stake, a gambling brand continues to enter into new markets. This is as it expands its horizons into Italy by a purchase of Idealbet from The Octavian Group.
Baldo Line previously owned the Italian sports betting and remote gaming operator. However, following the successful handoff, it will be now under the Stake portfolio.
The brand will continue under its name and its Italian gaming license. This will give Stake access to a whole new country.
For the Australian-Curaçaoan gambling company, this is an another expansion. It follows its accession of Betfair Colombia in November. This allowed it to enter into Latin America.
Stake will establish a local presence in Italy by opening an office in Italy to expand on its team of employees. The Italian entryway will see them. As of today, Baldo Line, the old parent company of Idealbet, operates in the province of Veneto.
Easygo is the technology operator behind Stake. Its chief strategy officer, Brais Pena said in the announcement that this acquisition aligns with their strategic ambitions to increase their global footprint, particularly in an established region like Italy, and marks a significant milestone for Stake. They’re thrilled to work with Idealbet to provide the best experience for their customers.
The Octavian Group are happy with the change too. Its CEO, Simone Pachera commented that they’re excited to collaborate with Stake and usher in a new experience for their customers, further expanding the market in Italy. Since acquiring Baldo Line, they have built a strong foundation for Idealbet through their AGP gaming platform and HubCasino aggregator.
Now, they are thrilled to transition operations to Stake, a globally renowned brand with a proven track record of delivering exceptional player experience. They are confident that Stake will significantly enhance the growth of Idealbet and bring renewed energy to their players, as well as the entire Italian online gaming market.
