Stake is advancing its global expansion by acquiring Italy-based Baldo Line and its Idealbet.it brand.
Following the November acquisition of Betfair Colombia, which opened access to the Latin American market, Stake continues its expansion into new regulated markets.
Idealbet will strengthen Stake’s foothold in Italy’s mature market, maintaining its brand identity while incorporating Stake’s extensive game portfolio. To support this move, Stake will set up an Italian office and expand its team within the country.
Stake Eyes Further Global Expansion
Brais Pena, Chief Strategy Officer at Easygo, the company behind Stake, highlighted that the Idealbet acquisition is a pivotal part of their global growth strategy.
“This acquisition aligns with our strategic ambitions to increase our global footprint, particularly in an established region like Italy,” Pena stated. “It marks a significant milestone for Stake. We’re thrilled to work with Idealbet to provide the best experience for customers.”
Simone Pachera, CEO of Octavian, also praised the acquisition, emphasizing the new opportunities it brings for Italian customers.
“Since acquiring Baldo Line, we have built a strong foundation for Idealbet through our AGP gaming platform and HubCasino aggregator,” Pachera said. “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. It brings renewed energy to our players, as well as the entire Italian online gaming market.”
Financial terms of the acquisition were not disclosed.