Stake expands into italy through strategic acquisition of idealbet from octavian group
Stake is set for strategic expansion into the Italian market through its recent acquisition of 100% of Baldo Line s.r.l., a company previously part of the Octavian Group that holds an Italian gaming license.
Through this deal, Stake has acquired Italy-based sports betting and remote gaming operator Idealbet.it, aiming to bolster global expansion efforts and strengthen its market position, furthering its commitment to delivering top-tier entertainment to players.
This pivotal strategic acquisition marks Stake’s continued growth into new markets, following its acquisition of Betfair Colombia in November 2023, which announced its entry into Latin America.
Through this acquisition, Stake will introduce a portfolio of innovative gaming options to players in Italy. The combination of Idealbet’s established presence and Italy’s mature, substantial market provides Stake with a robust foundation for growth in the region.
Following the acquisition, Stake will establish a local presence by opening an office in Italy to expand on its team of employees. Idealbet will continue to operate under its own brand within the Stake portfolio.
Commenting on the significance of the acquisition, Brais Pena, Chief Strategy Officer at Easygo, the technology powerhouse behind Stake said: “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. We’re thrilled to work with Idealbet to provide the best experience for our customers.”
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Commenting on the acquisition, Simone Pachera, Chief Executive Officer at Octavian said:
“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.”
Stake is the world’s leading brand in the betting and gaming category. Since 2017 Stake has introduced cutting-edge technology and innovative gaming options for players. Stake is committed to player safety, keeping gambling fun, safe and entertaining by providing comprehensive tools and resources aimed at helping customers understand and manage their gambling activities.
About Stake
Founded in 2017, Stake is the world’s leading brand in the betting and gaming category. The platform has risen to cover more than 30 billion bets per year, with now over four per cent of total global Bitcoin transactions carried out via its casino and sportsbook. Stake.com boasts an extensive global sponsorship portfolio including Canadian superstar Drake, Stake F1 Team, Everton Football Club, UFC and many more.
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About Octavian Group
Since 1970, the Octavian Group has been a leader in the gaming industry, renowned for its innovation and expertise. Based in Verona, Italy, the group includes various companies focused on developing and distributing gaming products and services. With a significant presence in both land-based and online gaming, Octavian Group also operates gaming halls, betting shops, and online gambling portals. Their true strength lies in the B2B sector.
Octavian Gaming, a key company in the group, offers a portfolio of over 300 high-quality games, including the renowned DreamSet line, solidifying its retail market leadership. Over the past decade, the group has increased its focus on B2B online. With Octavian Digital, they now commercialize and distribute top-tier products and services:
• Octavian Gaming online slots: Features over 70 games, including the acclaimed DreamSet line.
• HubCasino Aggregator: Provide access to 75+ providers of Casino and Live Casino games, featuring marketing tools and top industry titles.
• AGP Platform: A modern, innovative gaming platform with advanced marketing features like segmentation and gamification. Fully configurable via an advanced CMS, it supports business management with comprehensive reporting tools.
About Baldo Line
Baldo Line s.r.l., a company that operates in the sports betting and remote gaming sector in Italy using the 15237 ADM Concession. Through the website www.idealbet.it it offers users a wide range of games and betting opportunities, providing tools simple, clear and safe, which allow players to have fun online with complete peace of mind.
It boasts a consolidated knowledge of the market and is able to offer an exciting and innovative gaming environment, with a complete and highly competitive range of products. Our main goal is to establish a relationship of trust and offer a program capable of bringing together the best gaming offer, maximum transparency and an ever-present assistance service.
