IZIGROUP
IZIGROUP is a Malta-based, privately-held gaming group that holds the exclusive 10-year National Lottery concession, operates the Dragonara Casino, and runs the IZIBET iGaming and sports betting platform, serving Maltese consumers via 440+ retail outlets and digital channels while expanding internationally.
- Company typePrivate
- Founded2004
- HeadquartersBirkirkara, Malta
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What IZIGROUP does
IZIGROUP is a Malta-headquartered, privately-held gaming group founded in 2004 by Johann Schembri and operating under the JGS Corporate Holdings Limited umbrella. The group holds the exclusive 10-year concession to operate Malta's National Lottery through wholly-owned subsidiary National Lottery plc (won in 2021 with a €105.1M bid, operations commenced July 2022), the 10-year concession for Dragonara Casino through majority-owned Dragonara Gaming Limited, and operates the IZIBET online sports betting and iGaming platform through IZI Interactive Limited. The group employs 500+ people across Malta, Luxembourg, Austria, and Brazil.
The company's product portfolio spans numerical and instant lotteries (Lotto, Super5), Video Lottery Terminals (VLT), Historical Horse Racing (HHR), sports betting, and casino games delivered through a 240+ retail outlet National Lottery network, 200+ IZIBET points of sale, the Dragonara land-based casino in St. Julian's, and online platforms (lottery.mt, izibet.com, dragonara.com, izibingo.mt). The technology stack is anchored by IGT's Aurora lottery platform (world-leading lottery technology vendor), EveryMatrix's CasinoEngine for iGaming, and Melita Business for ISO 27001-certified communications infrastructure, with proprietary brand and digital platform layers on top.
Revenue is generated through a transaction-fee model based on gross gaming revenue (GGR), the take from wagers after payouts. In FY2025 the group reported €920M in total gaming turnover and €94.2M in GGR, with H2 2025 GGR of €53.9M (+19% YoY), EBITDA of €18.1M (+35% YoY), and profit before tax of €6.9M (+156% YoY). The group returned €37M to good causes, gaming taxes, and concession fees in FY2025. Capital structure is financed through operational cash flows and bond issuances via IZI Finance plc on the Malta Stock Exchange, including a €30M 5.5% bond due 2036 issued in April 2026 to fund international expansion.
IZIGROUP firmographics
Firmographics- Name
- IZIGROUP
- Legal name
- JGS Corporate Holdings Limited
- Website
- https://izigroup.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- IZIGROUP is a Malta-based, privately-held gaming group that holds the exclusive 10-year National Lottery concession, operates the Dragonara Casino, and runs the IZIBET iGaming and sports betting platform, serving Maltese consumers via 440+ retail outlets and digital channels while expanding internationally.
- Ownership category
- akta.pro rank
IZIGROUP industry classification
Industry- Product category
- Lottery and Gaming Operations
- NAICS
- Casinos (except Casino Hotels) (71321)
- akta.pro primary industry
- Lottery Operators (Government & Private Licensed) (MPAEAFAA)
- akta.pro secondary industries
- Digital Lottery & iLottery Platforms (Web/App) (MPAEAFAD), Boutique & Lifestyle Casino Hotels (THAGAJAH)
Keywords
Where IZIGROUP is headquartered
LocationHeadquarters
- HQ city
- Birkirkara
- HQ country
- Malta
- HQ region
- Europe
Offices4 records
Markets served
IZIGROUP business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain, Others
Revenue model
- Lottery Operations: Exclusive concessionaire for National Lottery of Malta operating Lotto, Super5, and other lottery games. Revenue derived from lottery ticket sales with a portion returned to good causes, gaming taxes, and concession fees.
- Casino Operations: Land-based casino operations at Dragonara Casino and online casino via dragonara.com, generating revenue from gaming activities.
- iGaming (IZIBET): Online sports betting and gaming platform at izibet.com, providing casino games, sports betting, lottery and instant win products.
- Video Lottery Terminals (VLT) and Historical Horse Racing (HHR): VLT operations and HHR products utilizing historical horse racing data to generate revenues for the horse racing industry.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Lottery products including Lotto and Super5 |
| Transaction based/ take rate | Pay-as-you-go | Online gaming products |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
IZIGROUP product offering
Product offeringCore offering
IZIGROUP is the exclusive concessionaire for all lotteries in Malta through its subsidiary National Lottery plc and operates the Dragonara Casino in St. Julian's. The group also runs iGaming platforms IZIBET (sports betting and casino) and IZIBINGO, delivering lottery games, casino games, sports betting, video lottery terminals, and Historical Horse Racing through a network of 240+ retail outlets, a land-based casino, and online platforms (lottery.mt, izibet.com, dragonara.com).
Product overview
IZIGROUP operates as a diversified lottery and gaming operator offering a multi-channel, multi-product portfolio. The company operates three core business lines: National Lottery (exclusive concessionaire for Malta's national lottery including Lotto, Super5, VLT, and Historical Horse Racing), Dragonara Casino (Malta's premier land-based casino with online extension), and iGaming (IZIBET sports betting and casino, IZIBINGO). Products span retail (200+ points of sale), land-based casino, and online digital channels. The company also operates IZI Finance plc as its financing and holding entity listed on the Malta Stock Exchange.
Differentiator
Problem solved
Functional benefit
Brands
- lottery.mt: Online platform for National Lottery products including Lotto, Super5, and online casino games launched July 2023.
- Dragonara.com
- IZIBET
- IZI Finance plc
Products and services
- National Lottery Exclusive concessionaire for all lotteries in Malta through National Lottery plc, offering numerical and instant lotteries including Lotto and Super5, Video Lottery Terminals (VLT), Historical Horse Racing (HHR), and sports betting products. Operates under a 10-year Malta Gaming Authority license (2022-2032) and serves 150,000 weekly customers through 240+ retail outlets and the online lottery.mt platform.
- Dragonara Casino Malta's No. 1 land-based casino established in 1964, operating under Dragonara Gaming Limited's 10-year concession through 2031. Offers classic and modern table games, slot machines, and premium casino experiences at the Dragonara Palace venue in St. Julian's, with an online extension via dragonara.com offering over 1,500 games, live casino, and slots.
- IZIBET Online sports betting and iGaming platform operated by IZI Interactive Limited under Malta Gaming Authority license MGA/B2C/345/2016. Offers sports betting markets with competitive and live odds, online casino games, lottery products, and instant win games through izibet.com and a retail network of 200+ IZIBET points of sale across Malta and Gozo.
- IZIBINGO Online bingo gaming platform available at izibingo.mt, offering bingo and instant win products to players in regulated markets under IZIGROUP's portfolio of iGaming brands.
- lottery.mt Online Platform Digital platform for National Lottery Malta offering online lottery products (Lotto, Super5) and online casino games including video slots, jackpot games, crash games, live casino experiences, and instant win products. Operates on EveryMatrix CasinoEngine integrated with IGT's Aurora Anywhere platform.
- Dragonara Online (dragonara.com) Online casino platform extending the Dragonara Casino brand digitally, offering over 1,500 games, live casino experiences, and slots for online players globally.
Companies that use IZIGROUP
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
IZIGROUP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
IZIGROUP partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered minor and core.
- Għaqda Nazzjonali Każini tal-BandaminorNational Lottery extended collaboration with Malta's band club association supporting cultural preservation and community engagement.
- AffPapacoreStrategic partnership with leading iGaming affiliate platform connecting IZIGROUP with affiliates worldwide. Leverages AffPapa's extensive global affiliate network to boost brand visibility, strengthen partnerships, and drive customer acquisition across multiple regions.
- SofascorecoreIZIBET partnered with Sofascore, world's leading live-score and sports statistics platform, to power next-generation sports betting experience. Combines Sofascore's trusted data infrastructure with IZIBET's iGaming platform for dynamic user engagement.
- PartnerMatrixminorIZIGROUP partnered with PartnerMatrix to expand global reach through affiliate marketing solutions.
- ULIS (Global Sports Integrity Network)minorNational Lottery joined ULIS global sports integrity network to support lottery integrity and sports betting compliance.
- Maltese Olympic CommitteecorePartnership renewed for 2024 supporting Olympic Day celebrations and Olympic values of excellence, friendship, and respect.
- Malta Sports Journalists Association (MSJA)minorJoint initiative for IZIBET Elite Athlete Award recognizing exceptional Maltese athletes every two months.
- European Lotteries (EL)coreNational Lottery granted full membership in European Lotteries association after unanimous approval at EL Congress. Provides access to best practices, industry standards, and networking with 70+ lottery members.
- EveryMatrixcoreEveryMatrix delivers and operates online gaming platform for National Lottery of Malta via CasinoEngine solution integrated with IGT's Aurora Anywhere. Provides seamless online lottery, casino, and gaming products across desktop and mobile.
- Melita BusinesscoreMelita Business provides communications infrastructure for National Lottery operations including high-speed connectivity for 240+ retail outlets and ISO 27001 certified data center services ensuring secure and reliable operations.
- International Game Technology (IGT)coreIGT selected as Lottery Technology and Services Provider for National Lottery concession (2022-2032). IGT provides world-class lottery technology including Aurora platform for retail and online lottery operations, bringing $4.8B revenue expertise and global lottery leadership.
- Malta Football Association (MFA)coreIZIBET secured 3-year title sponsorship of FA Trophy, Malta's second-largest domestic football competition. The sponsorship elevates IZIBET brand visibility and supports local football with winner club gaining access to UEFA club competitions.
- ALS FoundationminorIZIBET donated €5,000 to ALS Foundation's Dar Bjorn project supporting ALS patients in Malta.
Scale indicators12 records
Recent moves11 records
Expansion highlights6 records
IZIGROUP competitors and assessment
Company assessmentDirect peers
- Casinos Austria: Austrian casino and gaming operator running 12 land-based casinos in Austria plus online gaming. IZIGROUP has an Austrian office and is expanding into Austria; Casinos Austria represents both a potential local competitor and a partnership/acquisition candidate given regional overlap.
- Lottomatica (Lottomatica Group / IGT Italy): Italian lottery and gaming operator (AAMS-licensed) running numerical lotteries, sports betting, and online gaming. Comparable as a Southern European licensed lottery and gaming operator, with similar product mix including retail and online channels.
Broad incumbents
- FDJ (Française des Jeux): France's national lottery operator (now publicly listed) with exclusive lottery concession rights and expanding online sports betting/iGaming. Comparable as a state-licensed lottery monopoly extending into adjacent gaming products.
- Kindred Group (Unibet): European online gambling operator (Unibet, 32Red, Betsson legacy). Comparable as a multi-brand European online operator focused on regulated markets, with similar regulatory/compliance posture in EU jurisdictions where IZIGROUP is expanding.
- Entain plc: Global digital gaming and sports betting operator (bwin, Ladbrokes, Coral, PartyPoker, BetMGM). Comparable in offering online sports betting and casino products through IZIBET and dragonara.com, with overlap in technology providers and affiliate marketing strategies.
- Flutter Entertainment: World's largest online sports betting and iGaming operator (Paddy Power, Betfair, PokerStars, FanDuel, Sisal). Comparable as a multi-brand online gaming operator with IZIBET, though Flutter is much larger and globally diversified. Sisal (Flutter subsidiary) competed directly with IZIGROUP for Malta's lottery concession.
- Sazka Group: Czech-headquartered pan-European lottery and gaming operator with national lottery concessions in Czech Republic, Greece (OPAP), Austria (Casinos Austria), Italy, and other jurisdictions. Comparable as a multi-country lottery/casino operator with growing digital channels.
- Allwyn: Allwyn is a leading European lottery operator with national lottery concessions across multiple countries (Austria's Österreichische Lotterien, UK National Lottery, others). Directly comparable as a multi-jurisdiction lottery concessionaire with diversified gaming operations.
Others
- EveryMatrix: iGaming platform provider powering IZIBET and the National Lottery's online casino via CasinoEngine. Compares as the B2B technology partner enabling IZIGROUP's online gaming and sportsbook operations across multiple brands.
- IGT (International Game Technology) / Brightstar Lottery: IZIGROUP's core technology partner providing the Aurora lottery platform and lottery services for the National Lottery concession. Compares as the B2B technology enabler underlying IZIGROUP's lottery operations; also a Brightstar Lottery partner for growth initiatives.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
IZIGROUP social profiles
Digital presenceIZIGROUP compliance and trust
Trust signalCompliance4 records
IZIGROUP financial estimates
Financial estimateRevenue estimate
Valuation estimate
IZIGROUP leadership team
Management profileNumber of profiles
Profiles10 records
IZIGROUP subsidiaries and ownership
Company hierarchySubsidiaries4 records
IZIGROUP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IZIGROUP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IZIGROUP
What does IZIGROUP do?
IZIGROUP is the exclusive concessionaire for all lotteries in Malta through its subsidiary National Lottery plc and operates the Dragonara Casino in St. Julian's. The group also runs iGaming platforms IZIBET (sports betting and casino) and IZIBINGO, delivering lottery games, casino games, sports betting, video lottery terminals, and Historical Horse Racing through a network of 240+ retail outlets, a land-based casino, and online platforms (lottery.mt, izibet.com, dragonara.com).
Is IZIGROUP a public or private company?
IZIGROUP is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was IZIGROUP founded?
IZIGROUP was founded in 2004. It employs 501 to 1,000 people.
Where is IZIGROUP based?
IZIGROUP is headquartered in Birkirkara, Malta, in the Europe region.
How does IZIGROUP make money?
Four revenue lines are on record. Lottery Operations are the primary driver. The others are casino Operations, iGaming (IZIBET) and video Lottery Terminals (VLT) and Historical Horse Racing (HHR).
Who are IZIGROUP's main competitors?
Direct peers on record are Casinos Austria and Lottomatica (Lottomatica Group / IGT Italy). Broad incumbents are FDJ (Française des Jeux), Kindred Group (Unibet), Entain plc, Flutter Entertainment, Sazka Group and Allwyn. Others are EveryMatrix and IGT (International Game Technology) / Brightstar Lottery.
Does IZIGROUP have an API?
No public API is recorded for IZIGROUP.
What industry is IZIGROUP in?
IZIGROUP's product category is Lottery and Gaming Operations. Its primary akta.pro industry code is MPAEAFAA, Lottery Operators (Government & Private Licensed), with a secondary code of MPAEAFAD, Digital Lottery & iLottery Platforms (Web/App). Its NAICS code is 71321.