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Italy: New tenders, cash poker licences, SNAI-Cogetech

28th June 2011 9:57 am GMT

Italy’s Economy Minister Giulio Tremonti unveiled plans Monday to raise over €2bn for the Treasury through tenders for thousands of new betting outlets, new lottery games, slots and land-based poker venues. The announcement came as Italian gaming giant SNAI confirmed its plans to acquire rival Cogetech in order to double its share of the slots market.

SNAI is to pay €141m for fellow Italian operator Cogetech, a move that will double its share of the lucrative [...]

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