Breakingviews - COMMENTARY: European betting deal looks nicely hedged ↧ ↧ Breakingviews - COMMENTARY: European betting deal looks nicely hed... Italian gambling group Lottomatica’s shares sank 10% after it offered €3 ​bln for Spain’s Cirsa. That ​probably overstates the risks of ⁠expanding outside its home market ​and downplays the logic of ​the all-share merger. And the Blackstone-backed target is hardly rich.