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NEW SNAI OWNERS HAVE AMBITIOUS MERGER PLANS

posted 3/9/11 : Alliance with Cogetech creates a formidable on and offline Italian gambling group
 
A merger between Italian betting group SNAI and the Cogetech group should transform both companies and create a strong offline and online sports betting presence, according to reports in the Italian daily newspaper Il Corriere della Sera.
 
The newspaper spoke with Andrea Bonomi, president of Investindustrial, a company that partnered with Palladio Finanziaria to acquire a 50.68 percent interest in SNAI two weeks ago following protracted negotiations.
 
Bonomi revealed that the strategy was for SNAI to become “the big one” in sports betting, and to be a major force in video lottery terminals (VLTs) as well. There are also plans to enhance the company's offerings in online poker and bingo, expanding SNAI activities far beyond its traditional involvement in racing and football betting.
 
The merged SNAI-Cogetech group will provide strong competition for rivals Sisal and Lottomatica in the Euro 48 billion Italian market, the newspaper noted.
 
Last year Sisal made a bid for SNAI  which was reportedly carrying a debt burden of some Euro 250 million. Earlier still, SNAI was also a target for a British-French consortium made up of Bridgepoint and Axa Private Equity in a deal which collapsed at an advanced stage of negotiations. SNAI instead decided to re-finance its debts through a bond sale.



Gambling News :

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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