Industry News

Apollo Acquires 48.6% Stake in Gamenet Spa

Published

6 years ago

October 25, 2019

Niji Narayan

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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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.