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Gamenet completes €273m Goldbet acquisition

11th October 2018 6:30 am GMT

Italian betting and gaming operator Gamenet Group has completed the acquisition of GoldBet for €273m.

Following receipt of approval from the Italian Competition Authority and Customs and Monopolies Agency, Gamenet has acquired the entire share capital in Goldbet, operator of a network of 990 betting shops in Italy, as well as an online betting and gaming platform.

Gamenet is paying €273m to acquire the business, with €247m payable in cash and a further €25m due on fulfilment of certain conditions provided for in [...]

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