On May 11, Gamma Bidco SpA announces that Gamenet Group SpA has consummated the acquisition of 100% of the participation held by International Game Technology PLC through IGT Lottery SpA in Lottomatica Scommesse Srl and Lottomatica Videolot Rete SpA, leading B2C operators respectively of online/sports betting and gaming machines in the Italian market. Concurrent with the closing of the acquisition, Gamenet Group has been renamed Lottomatica. The new Lottomatica becomes the market leader in the Italian regulated gaming market and the market leader in all segments of operations, from online gaming to sports betting, to gaming machines, thanks to the expertise of over 16,000 people, including direct employees and employees of the specialized franchising network, a customer base of approximately 800,000 online customers, a franchising network of approximately 3,000 points of sales in sports betting, 1,400 gaming halls, 13,600 tobacconists/bars and a proprietary network of approximately 120 gaming venues.
On January 27, Gamma Bidco S.p.A. launches a mandatory tender offer pursuant to Articles 102 and 106 of Legislative Decree no. 58/1998 for all of the issued and outstanding shares of Gamenet Group S.p.A.. The offer was successfully completed on February 14, 2020 and, on February 26, the shares were suspended from listing on the Mercato Telematico Azionario managed by Borsa Italiana. On December 6, Gamenet Group SpA signs an agreement for the acquisition of 100% of the investment held by International Game Technology PLC through Lottomatica Holding Srl in Lottomatica Scommesse Srl and Lottomatica Videolot Rete SpA, among the leading operators in the Italian B2C market respectively of online, sports betting and gaming machines.
On May 1, Goldbet S.p.A. and Intralot Italia S.p.A. merge into one company, which retains the name of Goldbet S.p.A. The transaction is part of a wider process of reorganization and rationalization of the corporate structure of the Group which, through the Intralot and Goldbet brands, thus strengthens its leading position in the sport betting segment.
On October 22, 2019 Gamma Bidco S.r.l. (now Gamma Bidco S.p.A.), a company formed on behalf of funds managed by Apollo Management IX, L.P, enters into two separate share purchase agreements with TCP and Intralot and, on December 16 completes the acquisition of 48.67% of the share capital of Gamenet Group. As of December 31, 2019, Gamma Bidco holds, also following the purchase of additional shares, 66.98% of the Company's shares while the market holds 33.02%.
On July 24, Gamenet Group S.p.A. anounces the signing of a contract for the acquisition of 100% of the share capital of GoldBet Srl, one of the major gaming and betting companies operating in Italy. The aquisition, successfully completed on October 9, allows the Group to assume a leading position in Italy in the multi-concession gaming sector, particularly in the sports betting sector - thanks to the largest sports betting network in the country, with over 1,700 points of sale -, to acquire a significant presence in the online segment, to further diversify the business mix and to significantly improve the profitability.
On December 6, Gamenet Group made its debut on the STAR segment of the Mercato Telematico Azionario, organised and managed by Borsa Italiana S.p.A.. The IPO ended with the placement of 10.5 million shares (totalling 35% of the share capital, including the over-allotment option) at a price of 7.5 euros per share and an initial market capitalization equal to 225 million euros.
Lottomatica launches the Advanced Video Platform product line (VLT).
Trilantic Capital Partners and Intralot Group sign an agreement for the integration of Gamenet and Intralot Italia, thus establishing Gamenet Group.
The Group issues € 200 million senior secured notes at a price equivalent to the nominal value with coupons of 6.00%, aimed at refinancing the existing debt of one of the Group’s subsidiaries, Gamenet SpA. The offer is remarkably successful and is subscribed by more than 7 times the nominal value, allowing the company to price the bond at a historically low coupon.
Gamenet launches a structured downstream integration programme along the entire supply chain, in cooperation with its key partners. A part of this programme, which seeks to promote growth both organically and through acquisitions, is accelerating the development of the retail business, with particular reference to large-scale distribution formats and a high level of service, and entering into direct AWP management.
Intralot obtains ISO/IEC 27001 certification and World Lottery Association (WLA) Security Control Standard (SCS) certification after meeting and adhering to international regulatory standards for information security systems.
Trilantic Capital Partners increases its shareholding to 99.2% of share capital on a fully diluted basis and the CRIGA consortium withdraws from the shareholders. Gamenet takes its actual structure and starts a developing programme of its presence in the retail segment, strengthening its national network of directly operated gaming rooms.
Gamenet signs up to the new Newslot and VLT license, for a duration of nine years. A bond is issued in support of the growth and development of the Group. Gamenet adhered to the procedure to settle its dispute with the Corte dei Conti.
Intralot becomes the first operator in Italy to launch “Virtual Games” - bets on simulated events - at its points of sale.
Lottomatica wins the tender for the telematic network of entertainment machines for the second time.
Gamenet Entertainment Srl is established. Gamenet completes the roll-out process of VLT licence rights. Gamenet Scommesse wins new rights for virtual betting and for new betting shops, thus expanding its network.
Intralot Gaming Machines is established and, following the public tender issued by the Agenzia Dogane e Monopoli, is awarded a licence to activate and operate the AWP and VLT telematic network.
The shareholding structure of Gamenet brings in the new reference shareholder, the investment fund Trilantic Capital Partners, a private equity operator with interests in companies based in Europe and North America.
Lottomatica is the first Italian operator to open a gaming hall dedicated to Videolotteries.
Gamenet acquires rights for installation and distribution on the Italian market of 7805 video lottery devices – or VLTs – and is the first licensee to offer two different gaming platforms (Spielo and Novomatic).
Intralot enters the new Italian VLT market.
Intralot Italia acquires 100% of the Italian Joint Venture company, William Hill Codere Italia S.r.l, (WHCI), to strengthen its position on the Italian betting market.
Lottomatica enters the sports betting and online gaming markets in Italy with the brand Better.
Both established in 2006, Gamenet SpA was given the AAMS licence for Public Gaming and Gamenet Scommesse SpA won the AAMS license for sporting and horse-racing betting, as well as for distance gaming.
Intralot Italia SpA is founded and obtains rights to open sports and horse betting shops and corners, as well as for telematic gaming.
The CRIGA consortium (Consorzio Rete Italia Gestori Automatico), established in 2003 by a group of operators in the gaming sector, becomes concessionaire authorised by the State Monopolies to manage the Newslot (AWP) telematic network.