Playtech Purchase of Snaitech Gets Italian Approval

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The purchase of a majority stake in Snaitech by software group Playtech got the approval of Italy's gaming regulator, allowing the €846 million acquisition to move forward.

Playtech agreed to purchase the 70.6% stake in Snaitech last month, which will also see Playtech purchasing the full remaining shares in the company after the initial purchase is completed. Snaitech is a large betting group within Italy, providing casino, sportsbetting, virtual sports, and more to online and land-based betting destinations.

The purchase is expected to be completed sometime within the next month, with the remaining shares being purchased by the end of the year.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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24 May 2018 - 6:18pm

Obviously after that acquisition the Playtech positions in Italy will be significantly strengthen which of course means a huge growth for the company in general when we see the bigger picture.