Stake (Stake.com) has marked out its intent to become a leading player in Italy’s reorganised online gambling market in 2025.
The statement follows Stake’s completion of its acquisition of Baldo Line SRL, the operating company of the heritage Italian sportsbook brand Idealbet.it.
The deal sees Stake acquire Baldo Line’s online gambling licence from its previous owner, Octavian Group. From 2025, ADM, Italy’s Customs and Monopolies Agency, will apply a €7m fee for online gambling concessions lasting an operating period of nine years.
As confirmed to AGIPRONews, Stake has pledged to pay ADM its €7m licensing and concessions fee, as it has chosen to operate Idealbet as its principal brand in Italy.
