Italy's Lottomatica eyes IPO as Q4 core profit rises at least 7%
By Elisa Anzolin
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By Elisa Anzolin
Agreements and Partnerships Help to Expand the Online Gambling Marketplace News provided by Share this article FinancialBuzz.com News Commentary NEW YORK, May 19, 2021 /PRNewswire/ -- Another state moves closer to legalizing sports betting, as the governor of Maryland, Larry Hogan, plans to sign a bill establishing the industry in the state. According to a report by the Baltimore Sun, the Republican governor will sign off on a plan worked out by state lawmakers that features in-person licenses for sports betting granted to casinos, the Laurel Park and Pimlico Race Course thoroughbred racing ...
International Game Technology PLC Announces Completion Of Sale Of Italian B2C Gaming Business USA - English Share this article LONDON, May 11, 2021 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) (" IGT") announced that on May 10, 2021 its wholly-owned subsidiary, IGT Lottery S.p.A. (formerly Lottomatica Holding S.r.l.) (the " Seller"), completed the sale of 100% of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital gaming businesses (the " ...
LONDON, May 11, 2021 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) (" IGT") announced that on May 10, 2021 its wholly-owned subsidiary, IGT Lottery S.p.A. (formerly Lottomatica Holding S.r.l.) (the " Seller"), completed the sale of 100% of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital gaming businesses (the " Subsidiaries"), to Gamenet Group S.p.A., a subsidiary of funds managed by an affiliate of Apollo Global Management, Inc. (toget...
Gamenet takes control of Lottomatica’s identity as new Italian giant is born Share Gamenet Group completed its €1.1 billion buyout of IGT Plc’s Lottomatica B2C subsidiaries. This morning, Gamenet and IGT disclosed that all final arrangements had been concluded in the sale of Lottomatica’s Scommesse (sports betting) and Videolot Rete gaming machine units. Finalising its acquisition, Gamenet has confirmed that it will now operate all B2C units under the Lottomatica brand to benefit from its new assets’ heritage identity with the Italian public. “A new Lottomatica becomes the ma...