To create one of largest operators in Italian market
Trilantic Capital Partners Europe (TCPE), the controlling shareholder of Gamenet S.p.A. (Gamenet), and Intralot Group have entered into a Memorandum of Understanding (MoU), that will see the merge of the Intralot Group's Italian activities into Gamenet, a leading VLT and AWP concessionaire and retailer in Italy and a betting and online operator.
On completion of the acquisition, it is envisaged that TCPE will control around 80 percent of the merged operation.
Post merger, the combined entity with around 800 betting POS, approximately 8,200 VLTs, 50,000 AWPs and more than 60 directly owned and managed gaming halls, will become one of the largest operators in the Italian gaming market.
"This is a strategic step for us, as we were seeking size and diversification to complement our vertical integration programmes," Guglielmo Angelozzi, chief executive officer of Gamenet commented in a press release. "We look forward to capture all the synergies from this combination and seize all the opportunities available in the market in the next years, also leveraging on the partnership with a global betting provider as the Intralot Group".
Online Casino News Courtesy of Infopowa