Tag Archives: apollo global

IGT gaming units catch the interest of Apollo

IGT

Industry analysts are closely monitoring developments at IGT Plc, given that private equity giant Apollo Global is rumored to be considering a bid for its gaming assets. As Bloomberg reports, Apollo is evaluating its next foray into the gambling sector, where the $500bn fund might proceed to purchase IGT’s land-based and online gaming units outright. Apollo’s bid is expected to …

Read More »

Apollo seeks €425m April raise for Lottomatica

SBC News Apollo seeks €425m April raise for Lottomatica

Apollo Global has finalised plans to IPO its Lottomatica business on the Milan Euronext Exchange (Borsa Milan) at the end of April, as the US private equity group upsizes the capitalisation of the Italian gambling group to +€2.5bn. By returning Lottomatica to the Milan Borsa, dealmakers anticipate raising €425m through the IPO, funds that will be reserved to reward long-term …

Read More »

Lottomatica returns to profit ahead of Milan IPO

SBC News Lottomatica returns to profit ahead of Milan IPO

Lottomatica SPA reports on a transformative 2022, as the Apollo Global-owned Italian gambling group eyes a first-half listing on the Milan Borsa.  An enlarged Lottomatica sees its full-year 2022 revenues stand at €1.39bn, up 72% on FY2021 comparative results of €808m. 2022 saw Lottomatica, the former Italian B2C subsidiary of IGT Plc complete its merger with Gamenet Group to become …

Read More »

Apollo seeks April listing for Lottomatica

SBC News Apollo seeks April listing for Lottomatica

Lottomatica movements are being monitored closely as speculation mounts that the heritage Italian gambling group will order an IPO listing on the Borsa Milan Exchange.  Citing ‘sources close to Lottomatica’, Reuters International has reported that controlling shareholder Apollo Global seeks an April listing for its Italian asset. A trading update published in January confirmed Milan IPO rumours, as Lottomatica’s board …

Read More »

Lottomatica confirms IPO vision hitting 2022 targets  

SBC News Lottomatica confirms IPO vision hitting 2022 targets  

The board of Lottomatica SPA has confirmed speculation that “it is reviewing all strategic options” with controlling shareholder Apollo Global.  The announcement was attached to Lottomatica’s Q4 and FY2022 consolidated results trading update, which underlined the firm’s improved Italian B2C performance following its divestment from IGT Plc in 2021. Strong close-of-year trading saw Lottomatica achieve Q4 group wagering of €6.7bn, …

Read More »

PlayAGS ends takeover talks with Inspired Entertainment 

SBC News PlayAGS ends takeover talks with Inspired Entertainment 

The board of PlayAGS has alerted the New York Stock Exchange (NYSE) that it will no longer proceed with deal negotiations to be acquired by Inspired Entertainment Inc.    On 12 August, PlayAGS disclosed that it had entered negotiations with Inspired, who had proposed a $10 cash per share offer to acquire the Las Vegas-based games developer and gambling machine components …

Read More »

Year in Review Part Three – Firms look to Nasdaq whilst William Hill auction comes to a close

SBC News Year in Review Part Three - Firms look to Nasdaq whilst William Hill auction comes to a close

The third quarter of 2021 saw further regulatory developments across Europe, and one of the year’s biggest M&A saga’s concluded as 888 Holdings finalised the terms of its William Hill acquisition.  Sportradar, the Swiss sports data and technology company, successfully completed its public listing on the US Nasdaq stock exchange in September, with some assistance from basketball legend Michael Jordan. …

Read More »

Boston’s Advent fund joins William Hill’s chasing pack 

SBC News Boston's Advent fund joins William Hill’s chasing pack 

Boston-based private equity fund Advent International has been cited as a new suitor vying to purchase William Hill’s UK and European assets.  As reported by The Times, Advent joins a raft of companies who have stated their interest in acquiring William Hill UK and European offcuts, made expendable by new owner Caesars Entertainment in its pursuit to become the US …

Read More »

SAZKA buoyed by record European lottery sales to sooth Greek headaches 

SBC News SAZKA buoyed by record European lottery sales to sooth Greek headaches 

SAZKA Group has reported a robust opening to its 2021 trading, despite the Czech gambling conglomerate continuing to observe COVID-19 headwinds across its European market profile.  Publishing its Q1 trading results (period ending 31 March), SAZKA registered group gaming revenues (GGR) of €526 million – up 30% on corresponding 2020 results of €405 million. The firm’s improved GGR performance was …

Read More »

Gamenet takes control of Lottomatica’s identity as new Italian giant is born

SBC News Gamenet takes control of Lottomatica’s identity as new Italian giant is born

A new era for Italian gambling has started after Gamenet Group completed its €1.1 billion buyout of IGT Plc’s Lottomatica B2C subsidiaries.  This morning, Gamenet and IGT disclosed that all final arrangements had been concluded in the sale of Lottomatica’s Scommesse (sports betting) and Videolot Rete gaming machine units. Finalising its acquisition, Gamenet has confirmed that it will now operate …

Read More »