The INTRALOT Group and Trilantic Capital Partners Europe (TCP), the controlling shareholder of Gamenet S.p.A. ("Gamenet"), announce that they have completed today the combination of the Italian activities of the INTRALOT Group into Gamenet. This step follows the announcement of the signature of a Memorandum of Understanding (MoU) which was communicated on March 21, 2016, and the signature of binding arrangements in respect thereto communicated on May 26, 2016. The completion of the transaction was cleared by the competent Antitrust Authority and will become effective on July 1, 2016.
As indicated in prior communications, the INTRALOT Group will control 20% of the combined operations and TCP apprx. 80%. This transaction creates one of the leading players in the Italian gaming market, as the combined group has pro-forma revenues of approx. €1 billion and will become one of the largest operators in the Italian gaming market with a network of approximately 750 betting shops that will continue to use the INTRALOT’s brand name, approx. 8,200 VLTs, over 50,000 AWPs licenses and more than 60 directly owned and managed gaming halls.