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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.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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