It has been announced that Intralot Group and Trilantic Capital Partners Europe, the controlling shareholder of Gamenet, have signed a deal which will see the group’s Italian activities merge with Gamenet.
Intralot will reportedly control 20% of the combined operations which will see the group become one of the largest operators in the Italian gaming market once the deal is completed. This is expected in June this year, subject to approval.
Antonios Kerastaris,Group CEO of Intralot, commented on the deal: “Since acquiring a betting operator license in Italy in 2007 and at a later stage VLT and AWP licences, Intralot has established a strong presence in one of the largest and most competitive gaming markets in the world.”
He continued: “We are thrilled about the great prospects of a partnership with Gamenet that will enhance our product offering and presence in the country, in line with our strategy to seek synergies with strong local partners in promising gaming markets around the Globe.”
Gamenet CEO, Guglielmo Angelozzi, said of the agreement: “This is a strategic step for us, as we were seeking size and diversification to complement our vertical integration programmes. 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.”