Intralot Group and Trilantic Capital Partners Europe, controlling shareholder of operator Gamenet, announced an agreement in which the Italian operations of Intralot and Gamenet will merge, with the partnership effectively becoming one of the largest operators in the Italian market.
Intralot will control 20 percent of the combined operations, which will begin in June, pending regulatory approval.
“Since acquiring a betting operator license in Italy in 2007 and at a later stage VLT and AWP licenses,” explained Antonios Kerastaris, Group CEO of Intralot, “Intralot has established a strong presence in one of the largest and most competitive gaming markets in the world.
“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 programs. 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.”
