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Apollo Acquires 48.6% Stake in Gamenet Spa

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Apollo Acquires 48.6% Stake in Gamenet Spa
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Apollo Global Management, the US-based private equity firm, has acquired a 48.6% stake in Italian gambling group Gamenet SPA. Issuing a market filing, Apollo confirms that it aims to delist the company for its index on the Borsa Milan stock exchange.

Gamenet operates an active portfolio of 70 gaming halls and more than 38,000 gaming machines across Italy. In 2018, Gamenet acquired the retail betting group Goldbet and became Italy’s largest multi-concession operator. Expanding its operations in 2019, Gamenet governance has placed all sports wagering properties under the Goldbet domain.

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