Gamenet Finishes Acquisition of Lottomatica

Sat, May 15, 2021

Gamenet Group in Italy has completed the acquisition of Lottomatica’s Scommesse, a sports betting operation, and Videolot Rete gaming machine. It bought them from IGT for €1.1 billion.

Gamenet Finishes Acquisition of Lottomatica

Italy-based Gamenet Group has completed the sale of Lottomatica’s sports betting operation Scommesse and Videolot Rete gaming machine from IGT for the announced price of €1.1 billion.

Gamenet will operate the B2C units under the Lottomatica brand. In a statement the company said, “A new Lottomatica becomes the market leader of Italy’s regulated gaming market, leading the business segments of online, sports betting and gaming machines.”

Under that brand, it will run a franchise network including 1,400 gaming halls, 13,600 tobacco shops/bar gaming machines and 120 gaming venues.

Gamenet was formed by the U.S. private equity fund Apollo Global. IGT will remain a presence in Italy, operating that country’s SuperEnalotto lottery.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.