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Gambling News - 'Snaitech'
Business
October 7, 2024
Two Investors Condemn Playtech’s €134M Executive Bonus Proposal
Ahead of the finalization of the sale of Snaitech, Playtech’s business-to-consumer (B2C) arm, to Flutter Entertainment in a multi-billion-dollar deal, investors in Playtech criticized a proposed compensation package of more than $100 million. Palm Harbour Capital Criticized the Remuneration Proposal The aforementioned compensation package was confirmed back in September. The proposal seeks to benefit Playtech’s […]
Business
August 14, 2024
Playtech Confirms Talks of £2bn Flutter Bid for Snaitech
The leading supplier of software, content and solutions, powering iGaming and betting operators, Playtech, confirmed it is in talks for the potential sale of its business-to-customer (B2C) division in Italy, Snaitech, to the leading gaming and entertainment giant, Flutter Entertainment. Today, the company released a short letter titled “Response to Media Speculation,” acknowledging that it […]
Business
May 22, 2023
GLI Group Buys Out Remaining Shares in iTech Labs
Gaming Laboratories International (GLI) Group has completed a transaction for the remainder of shares in iTech Global, a gaming testing laboratory that will now significantly strengthen the company’s reach and expertise in the provision of sophisticated certification services for the sector. iTech to Continue Operating Under Its Own Brand Neither party has shared information about […]
Sports
October 27, 2022
GoldenRace Boosts Snaitech Virtual Sports Offering
GoldenRace, a provider of virtual sports, has teamed up with Snaitech and will, as a result, grant the Italian company access to its virtual soccer product. Snaitech is a behemoth in its local market, Italy, where GoldenRace is keen to continue growing its presence and continue to cater to local players through tailored products that […]
Business
May 12, 2021
Snaitech Integrates HappyBet, Consolidates Online Footprint
HappyBet, a sports betting firm operating mainly in Germany and Austria, was successfully integrated into Snaitech, the Italian business arm of gambling technology supplier Playtech. Consolidate and Expand Regional Presence The addition of the sports betting operator, which has around 200 points of sale in Germany and Austria combined and annual revenues in the region […]
Business
March 10, 2020
Playtech’s Italy Retail Betting Business Temporarily Shut Down
Snaitech betting retail shops across Italy have been shut down, Playtech reported yesterday, as the global online gaming software supplier had to comply with the coronavirus spread mitigation measures, undertaken by the Italian government. The shops will remain closed until April 3. Italy Under Lockdown After Italian Prime Minister Giuseppe Conte essentially had placed the […]