Home / Gambling / Business News / Gamenet Group acquires GoldBet

Gamenet Group acquires GoldBet

Italian gaming team Gamenet Group announced the purchase of Italian operator GoldBet for €265 million.

Gambling experts believe that this acquisition of 100% of the share capital of GoldBet will allow Gamenet to become the largest network in Italy, and to increase the number of its retail outlets to 1,700.

GoldBet operates a physical network of 990 betting shops and also holds the concession for the collection of “online” games and bets, even including mobile platforms. The combined entity would also control 7% of Italy’s online betting market and a one-third share of the lucrative virtual betting sector.

Paola Bausano, CEO of GoldBet, commented: “This transaction represents a major opportunity for the two companies and will allow us to exploit the synergies and know-how of both companies. I am happy to be part of this project, ensuring continuity, but at the same time developing new projects for an ambitious joint growth”.

Follow us on

Check Also

Gambling companies hope for a US jackpot

New research report indicates that Paddy Power Betfair profits from it’s US division could reach …

RedKings giving up online poker and sports gambling

RedKings, part of Microgaming Poker Network (MPN), has announced on their website that on April …

Leave a Reply

Your email address will not be published. Required fields are marked *

Show Buttons
Hide Buttons