Intralot secures strong presence in Italy

The leading gaming solutions supplier and operator around the globes signed a deal with Trilantic Capital Partners Europe.

Italy.- Intralot Group and shareholder of Gamenet S.p.A, Trilantic Capital Partners Europe, accomplished a Memorandum of Understanding to merge the Italian activities of the INTRALOT Group into those of Gamenet –Italian leading VLT and AWAP gaming retailer and online casino operator–.

The agreement, approved by the competent public authorities, will be completed next June. The fusion between two distinguished companies will lead to the creation of the largest operator in Italian gaming industry. “Since acquiring a betting operator license in Italy in 2007 and at a later stage VLT and AWP licenses, INTRALOT has established a strong presence in one of the largest and most competitive gaming markets in the world. We are thrilled about the great prospects of a partnership with Gamenet that will enhance our product offering and presence in the country, in line with our strategy to seek synergies with strong local partners in promising gaming markets around the Globe,” expressed Antonios Kerastaris, CEO of Intralot.

New operator will keep Intralot’s brand name and will run a network of near 800 betting POS. The company will also administer 8.200 VLTs, 50.000 AWPs and over 60 directly owned gaming saloons. Guglielmo Angelozzi, CEO of Gamenet, concluded: “This is a strategic step for us, as we were seeking size and diversification to complement our vertical integration programmes. We look forward to capture all the synergies from this combination and seize all the opportunities available in the market in the next years, also leveraging on the partnership with a global betting provider as the INTRALOT Group”.