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Apollo Acquires 48.6% Stake in Gamenet Spa

Apollo Acquires 48.6% Stake in Gamenet SpaReading Time: 1 minute

 

Apollo Global Management, the US-based private equity firm, has acquired a 48.6% stake in Italian gambling group Gamenet SPA. Issuing a market filing, Apollo confirms that it aims to delist the company for its index on the Borsa Milan stock exchange.

Gamenet operates an active portfolio of 70 gaming halls and more than 38,000 gaming machines across Italy. In 2018, Gamenet acquired the retail betting group Goldbet and became Italy’s largest multi-concession operator. Expanding its operations in 2019, Gamenet governance has placed all sports wagering properties under the Goldbet domain.


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: Apollo Acquires 48.6% Stake in Gamenet Spa

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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