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S.N.A.I. AND COGEMAT TO MERGE
07th May, 2015 at 17:21:10
Euro 225 million agreement signed.
The Italian gambling market was buzzing Thursday as news of a major Euro 225 million merger between sports betting operator Gruppo SNAI and technology, equipment and content provider Cogemat broke.
The assets and subsidiaries, including Cogetech, will be taken over by SNAI after the company reached agreement on a merger arrangement with major shareholders, Global OI and Games 2.
Industry observers said the merger would help SNAI achieve its ambitions to expand its digital and gaming machine supply activities.
In a press statement SNAI explained that the deal will strengthen its presence in sports and horse racing, along with the Euro 48 billion gaming machine market.
Cogemat shareholders will be awarded 38% of the shares of a new company set up to facilitate the merger.
Related News Tags: Italy
INSPIRED DETAILS MULTIPLE DEALS AND PROGRESS
22nd March, 2017 at 20:12:25
Plenty of action at virtual sports provider.
MEDIALIVE SHOWING OFF VIRTUAL REALITY GAMBLING PRODUCTS AT ITALIAN EXPO
16th March, 2017 at 16:15:59
Live roulette attracting a lot of interest, media reports indicate.
SKYBET SELECT BETGENIUS
13th March, 2017 at 13:44:19
For data-driven Italian marketing push.
PHILIPPINES SENATE ENQUIRY CONCLUDES (Update)
10th March, 2017 at 10:19:28
Senior Immigration duo come in for criticism, but other parties accused of improper conduct appear to escape largely unscathed.
DEDICATED ONLINE GAMBLING REGULATOR FOR THE PHILIPPINES?
09th March, 2017 at 08:36:08
Senator broaches the idea at hearing into online gambling corruption.