Stake, a renowned company in the betting and gaming sector, announced the acquisition of the Italian operator Baldo Line srl. Previously the company was part of the Octavian Group, and Idealbet.it. This strategic action aims to expand its global presence.
Thus consolidating itself in the Italian market and reinforcing its commitment to high quality entertainment.
This acquisition marks a significant step in Stake‘s growth strategy, which recently acquired Betfair Colombia, strengthening its entry into Latin America.
Now, Stake focuses on the Italian market, presenting an innovative portfolio of gaming options. In this way, using Idealbet‘s solid base and Italy’s robust market.
Headquarters in Italy
To solidify this expansion, Stake will open an office in Italy, allowing for greater local involvement and expanding its team. Idealbet, in turn, will continue to operate under its own brand within the Stake portfolio, ensuring the continuity of services already known to Italian players.
According to Brais Pena, Chief Strategy Officer at Easygo, the technology behind Stake, “This acquisition is in line with our strategic ambitions to increase our global presence, especially in an established market like Italy.”
Simone Pachera, CEO of Octavian, also expressed enthusiasm, highlighting the collaboration with Stake as an opportunity to revitalize the Italian online gaming market. “We are confident that Stake will drive Idealbet’s growth, bringing renewed energy to our players and the market.”
Since 2017, Stake has stood out for introducing innovative technologies and ensuring player safety, keeping gaming a fun and safe experience. With this new acquisition, the company reaffirms its commitment to the global betting and gaming market, focusing on the expansion and continuous improvement of its services.
About Stake
Stake is an online bookmaker that stands out for its reliability and security. Regulated by the government of Curacao, the platform operates under license number 8048/JAZ. To ensure the protection of user data, the company uses two-factor authentication.
Additionally, the company is known for its sponsorships in high-profile sports such as UFC and Formula 1.
The company offers a broad sports betting market, as well as diverse casino games. Finally, it is important to mention that the platform works exclusively with cryptocurrencies, which sets it apart from many other bookmakers.
