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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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