Playtech-owned gaming operator Snaitech has made its first move outside its home market of Italy after being approved to launch its B2B omni-channel sports betting platform in Spain.
The move is a first step in the company's internationalisation strategy and sees Snaitech’s Smart Solution technology offered to licensed operators in Spain under the Apuestas by SNAI brand.
Snaitech’s B2B offering will provide clients with a range of sports betting products, including horseracing and virtual sports, through an omni-channel solution comprising betting terminals, payment processing services, as well as online and mobile apps.
"The challenge of internationalization is witness to our evolution towards new horizons,” said Snaitech managing director Fabio Schiavolin. “The Snaitech universe is being transformed and is driving the company beyond its position as an Italian market leader. After launching in July, in the following months we want to expand our presence in the Spanish gaming sector in different autonomous communities.”
In related news, Snaitech has announced its new board of directors following its acquisition by Playtech.
Playtech chief executive Mor Weizer has been named Snaitech chairman with Schiavolin continuing to serve as managing director until approval of the company’s financial statements for 2021.
Alongside Weizer and Schiavolin, the new board comprises Playtech chief financial officer Andrew Smith as director, as well as Snaitech’s Andrea Nappa, Raffaella Viscardi, Chiara Palmeri and Mara Vanzetta as independent directors.
Shares in Snaitech S.p.A (MIL:SNA) closed unchanged in Milan Tuesday at €2.19 per share, just off their 52-week high of €2.23 per share set on July 12th. The shares are expected to be delisted from the exchange on August 1st following completion of the company's acquisition by Playtech.