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London-based online gaming and financial trading company Playtech Plc has announced that it has finally completed the acquisition Italian gaming company Snaitech.
Playtech said that it took over the remaining 3.5 percent minority shareholding of Snaitech through its wholly-owned Italian subsidiary Pluto (Italia) SPA. Minority shareholders reportedly got cash consideration equal to €2.19 ($2.54) per share as previously noted in Playtech’s Mandatory Takeover Offer, according to Playtech.
Snaitech is listed on the Milan Stock Exchange and is licensed by the Italian Monopolies Authority to offer various different gaming services and products, making it a leader in the Italian gaming and betting market. Founded through the integration between Snai Spa and the Cogemat group companies in late 2015, Snaitech has headquarters in Milan, Porcari (Lu) and Rome. The company offers sport and horse racing betting, virtual sports, videolottery, both online and mobile (poker, skill games, casino games, bingo), esports and pari-mutuel. The SNAI retail betting network is comprised of over 1,600 points of sale located throughout Italy.
