A new era for Italian gambling has started after Gamenet Group completed its €1.1 billion buyout of IGT Plc’s Lottomatica B2C subsidiaries.
[On Tuesday], 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 market leader of Italy’s regulated gaming market, leading the business segments of online, sports betting and gaming machines,” said Gamenet.
