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Playtech to Buy Italian Operator Snaitech EMEA


Playtech has bought a 70.6 per cent stake in Italian gaming and betting operator Snaitech for €846m with Playtech expecting to make mandatory takeover offer for all the remaining shares in Snaitech by the fourth quarter of 2018


Te deal creates a major vertically integrated retail and online Italian gaming business with material earnings accretion


ITALY OPERATOR NEWS


AUSTRIA – Casino Vivant! in Paraguay selected Novomatic to provide a range of systems solutions including the myACP casino and slots management system as well as jackpots and a multitude of slots and video bingo content. The Octavian myACP system connects the entire gaming floor at the brand new venue and players can select from a variety of Novomatic slots and Otium bingo titles.


For the opening of Casino Vivant!, Novomatic subsidiary Octavian installed its myACP solution with a comprehensive suite of modules including TITO, Cashless and Player Tracking, as well as Jackpots, connecting all 161 slots and 12 electronic table games at the venue. The system provides detailed accounting and technical analysis as well as real-time floor management.


The NOVOMATIC slots offering includes NOVOSTAR 2.24 and IMPERATOR 3.24 cabinets with a mix of games including classics Book of Ra and Lord of the Ocean as well as new titles Blazing Fruits, Lilly’s World and Hold your Horses, and Reel Tournament connects the slots for live tournaments. In addition are several Pinball Roulette machines as well as Otium OT100 video bingo machines with leading titles such as Bingo del los Cielos and Bingo Copacabana.


Raymundo Aquino, Project Manager and Senior Adviser for Casino Vivant!, said: “The purpose of Vivant! is to establish the best place in South America for entertainment and gaming, with excellence in everything tangible and intangible, located in one of the best places in Paraguay. The alliance between Vivant! and Resort Yacht and Golf Club of Paraguay consolidates a national and international place of attraction for consumers of premium leisure experiences.”


Lawrence Levy, VP Global Sales Novomatic, said: “The casino market in Paraguay has long been associated with Novomatic and it is exciting for us to see the opening of this new facility inside the stunning Resort Yacht and Golf Club. We are very pleased to play a leading role in the development of this casino and look forward to a long and prosperous relationship with Casino Vivant.”


UK – GLI is pleased to announce that Johan Jonsson- Granberg has joined its European client services team as Client Services Manager. In his new capacity, Jonsson-Granberg will be


responsible for delivering world-class customer service for GLI’s expanding portfolio of valued clients throughout Europe and around the world. He will be based out of GLI’s London office.


P22 NEWSWIRE / INTERACTIVE /MARKET DATA


Playtech has bought a 70.6 per cent stake in Italian gaming and betting operator Snaitech for €846m with Playtech expecting to make mandatory takeover offer for all the remaining shares in Snaitech by the fourth quarter of 2018.


Snaitech , which was founded via the merger of Snai Spa and the Cogemat group in late 2015, has headquarters in Milan, Porcari and Rome and operates 600 points of sale located throughout Italy, offering 60,000 slot machines and more than 10,000 Video Lottery Terminals.


Te deal creates a major vertically integrated retail and online Italian gaming business with material earnings accretion. Completion of the initial acquisition is subject to certain regulatory and shareholder approvals and is expected to take place in Q3 2018, with the overall transaction expected to complete in Q4 2018.


Mor Weizer, Chief Executive Officer of Playtech, said: "Te acquisition of Snaitech represents the continuation of our strategy to invest in leading retail brands in fast growing, regulated markets. Te acquisition delivers the Board's strategic


Betsoft inks content partnership with Pinnacle


Malta


Under a new agreement, Betsoft Gaming is to provide its complete collection of popular slot games to long-running gaming brand Pinnacle. Te partnership covers the entire Betsoft portfolio – including the sought-after Slots3 series – and will cement both companies’ positions as the player’s preferred choice in the markets where Pinnacle offers iGaming experiences.


Under the agreement, Pinnacle will also gain access to new Betsoft games as they become available – something that will support the company’s strategic growth plans in appropriate regulated markets.


Caroline Danielsson, Account Manager at Betsoft explained: “Pinnacle has a longstanding


objective to improve the quality and diversification of Group revenue, whilst delivering exposure to high growth end markets, by utilising the strength of Playtech's balance sheet."


"Playtech has always been at the forefront of its industry and the acquisition offers the opportunity to create a vertically integrated B2B2C operator in Europe's largest gambling market, delivering significant value to shareholders," he said.


Fabio Schiavolin, Snaitech CEO, said: “Te combination of Playtech's technology and experience in Italy with Snaitech's powerful brand mean we will be better able to capture the online opportunity in the fast growing and dynamic Italian market.”


Snaitech operates the website,www.snai.it, which offers a range of gaming and entertaining services, plus the company owns three race tracks, two in Milan, San Siro galoppo and La Maura trotto, and one in Tuscany in Montecattini Terme, Sesana trotto.


reputation for player satisfaction in sports and eSports betting, so when it began to significantly improve the quality and variety of its slot games, the company chose its partners carefully. We are proud to see Betsoft’s games added to Pinnacle’s carefully- curated portfolio, and we are confident that players will find our standards of quality and choice compelling.”


Pinnacle CEO Paris Smith said: “Betsoft is one of the most recognisable names in the iGaming industry, and we are thrilled to be working with them. Today and tomorrow, we want to offer our players the best possible experiences: that means embracing the newest innovations, and integrating the best and most popular games. We strongly believe that our partnership with Betsoft will be essential in achieving all those aims, and we look forward to a long and productive relationship between our two businesses.”


UK


Stars Group has agreed to buy Leeds-headquartered Sky Betting and Gaming in a deal worth (£3.36bn), creating the largest publicly-listed online gaming company in the world. Te Toronto company, which owns PokerStars, said Sky Betting’s Leeds office would remain a major hub of the enlarged group. Sky Betting and Gaming, which is behind brands including Sky Vegas and Sky Casino, employs 1350 staff, with 80 per cent of its operation based in Leeds. Last month the group announced a 47 per cent surge in revenue for the six months to December 28th 2017. CVC Capital Partners is the company’s majority owner, with a stake of 70 per cent, and will retain a 12 per cent share after the sale. Sky PLC, which also owns Sky News, owns 20 per cent and will retain three per cent. Stars Group recently acquired William Hill Australia as well as a majority share in CrownBet.


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