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Snaitech delists from stock exchange following acquisition by Playtech

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Snaitech, the Italian gambling company acquired by Playtech in April, is delisting from the Italian stock exchange. Playtech is an UK-listed online gambling company and it completed the acquisition formalities by June.

Playtech now holds 96.5 per cent of Snaitech’s shares and is initiating the transfer of the remaining minority shares, which will see shareholders receive cash consideration equal to 2.19 euros per share. Playtech shelled out $1.05 billion for a 70.6 per cent stake in the Italian company in April, and its mandatory takeover offer was approved by the Italian regulator in June.

Snaitech’s shares are expected to be suspended from trading on Mercato Telematico Azionario on Wednesday and Thursday, and to be delisted on Friday, Playtech said.

Source: calcalistech.com

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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The end of the one-stop solution for sports betting?

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altenar-new-office The end of the one-stop solution for sports betting?  The preference for a ‘one stop shop’ solution amongst operators is a thing of the past says Altenar COO Dinos Stranomitis, who added that it is now modern practice for B2C betting and gaming businesses to choose specific elements from different B2B providers. Speaking to SBC News at ICE London, he said that Altenar […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: The end of the one-stop solution for sports betting?

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Better Collective interim report January 1 – December 31, 2019

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5-10 Better Collective interim report January 1 – December 31, 2019  Highlights fourth quarter 2019 Q4 Revenue grew by 61% to 19,579 tEUR (Q4 2018: 12,135 tEUR). Organic revenue growth was 24%. Q4 EBITA before special items increased 32% to 7,117 tEUR (Q4 2018: 5,382 tEUR). The EBITA-margin before special items was 36% including an expected downwards impact of 4%-points from the acquired US-businesses. Excluding the impact from US, […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Better Collective interim report January 1 – December 31, 2019

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Nominations Open for the 2020 American Gambling Awards

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American-Gambling-Awards-1 Nominations Open for the 2020 American Gambling Awards  Nominations to win a coveted Golden Eagle are now being accepted in 12 categories for the 2020 American Gambling Awards, which recognize operational and business excellence within the regulated, American online gambling industry. The Golden Eagle trophies and American Gambling Awards brand serve as trustworthy symbols to consumers looking for the best regulated casinos, sports betting, horse racing and […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nominations Open for the 2020 American Gambling Awards

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