MILAN, March 14 (Reuters) - Italy's Lottomatica expects
revenues between 1.57-1.67 billion euros ($1.68-1.79 billion)
and core profits in the range of 550-570 million euros this
year, the group said in statement on Tuesday.
The company, whose shareholders recently approved the start
of a process leading to an initial public offering (IPO) on
Borsa Italiana's Euronext Milan, added that its post-listing
dividend policy envisioned a pay-out of 30% of the group's
adjusted net profit.
Lottomatica, owned by Apollo Global Management ,
offers gambling on sports and other events both online and in
retail outlets, as well as operating a network of gaming
machines in premises across Italy.
($1 = 0.9350 euros)
(Reporting by Federico Maccioni, editing by Alvise Armellini)
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