Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating. This site is protected by reCAPTCHA and the Google Read our editorial policy to learn more about our process. IGT will use net proceeds from the transaction primarily to reduce debt. Zenith Bank Investor Relations FINANCIAL UPDATES CORPORATE GOVERNANCE CREDIT RATINGS SHARES INFORMATION STRATEGY | We're ArenaNet and we . MILAN, Dec 7 (Reuters) - U.S.-listed gaming group IGT IGT.N said on Monday it had agreed to sell its Italian gaming machine, sports betting and digital gaming businesses to Apollo's APO.N Gamenet Group for 950 million euros ($1.2 billion) in cash. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Since the acquisition of Goldbet, Gamenet has been the Italian leader in sports betting with the largest network of betting shops while the target is the Italian leader in gaming machines with the largest network of points of sale in the country. +39 06 89 86 559 Effective today, Michael Vale has been appointed to Group President and Chief Business and Country Officer, a new role on the company's Corporate Operations Committee, reporting to chairman and CEO Mike Roman. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. The information is true and accurate at the time of publication. We make the games we want to play a reality, and infuse them with innovation, hand-crafted detail, and creative passion. Therefore, you should not place undue reliance on such statements. Documents Archive - sisal-com Gamenet Group SpA is an Italy-based gaming company. Creiamo valore per tutti i nostri stakeholders. Gamenet Group Q2 profit falls YOY | S&P Global Market Intelligence Franklin Lakes, NJ 07417. By continuing to access this document from within Australia, you represent to MOODYS that you are, or are accessing the document as a representative of, a wholesale client and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to retail clients within the meaning of section 761G of the Corporations Act 2001. GAMEm - Gamenet Group SpA Financials & Balance Sheets - CHIX | Morningstar Investor Relations. Editing by Jane Merriman), ((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net)). We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Statutes. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. Business overview. - Lottomatica Videolot Rete and Lottomatica Scommesse, IGT's Italian business was delisted from the Milan bourse in 2015 following the acquisition of its U.S. subsidiary. AND/OR ITS AFFILIATES. 08-05-2018. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Francesca Landini. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. Develop and improve features of our offerings. Impregilo: Interim Financial Report as at 30 September 2013. This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. Investor Relations - Zenith Bank Plc for 18.. Gamenet S P A : Implementation of the joint venture between Trilantic and the Chiarva grou.. FUTURE GAMING GROUP INTERNATIONAL AB (PUBL) : Q1 2023 Earnings Release (Projected), GALAXY ENTERTAINMENT GROUP LIMITED : Q1 2023 Earnings Release (Projected), EVOLUTION AB (PUBL) : Interim 2023 Earnings Release, FLUTTER ENTERTAINMENT PLC : Interim 2023 Earnings Release (Projected). Edit Lists Featuring This Company Section, GATENet, a Subsidiary of GSX Group, Joins Growing Network of Node Operators Helping the Polymesh Blockchain Testnet Meet Capital Market Requirements, European Union (EU) Companies With More Than $1M in Revenue (Top 10K). International Game Technology The sale price is 950 million, with 725 million payable at closing, 100 million payable on December 31, 2021, and the remaining 125 million payable on September 30, 2022. Net proceeds from the sale, which is expected to close in the first half of next year, will be used primarily to reduce debt, IGT said. Impregilo: Interim Financial Report as at 30 June 2013. Moody's Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004. 2023 PitchBook. 58/.. Gamenet Group S.p.a. : Shareholders' agreement, Gamenet S P A : Notification of share buyback. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Investors. Gear advertisements and other marketing efforts towards your interests. 08-05-2018. 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Proceeds from the EUR525 million senior secured notes along with EUR225 million of equity will be used to finance the EUR725 million instalment due at closing and transaction costs. High IT orientation with complete cloud environment for efficient processes. 6 March 2023. About us. The review was conducted through a portfolio review discussion held on 22 July 2021 in which Moody's reassessed the appropriateness of the . Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Moodys SF Japan K.K. After submitting your request, you will receive an activation email to the requested email address. /it-it/esg-lottomatica-tra-le-aziende-top-rated-di-morningstar-sustainalytics, 29/03/2023 Lottomatica, al via il progetto #PowerBook la conoscenza la nostra forza Gamenet S P A : Gamasutra-The dark fairy tale The Guise is out now, Gamenet S P A : Delisting of gamenet group s.p.a shares starting today. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivalled gaming experiences that engage players and drive growth. The businesses being sold generated about 207 million in aggregated adjusted EBITDA1 in 2019, placing the transaction in the upper band of valuation ranges achieved by the most recent Italian benchmarks. Public Fundamental Data provided by Morningstar, Inc. Gamenet Group SpA is an Italy-based gaming company. In principle, "Co. Ltd.," "Corporation," etc., are omitted from the names of companies and organizations. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. The deal values the two businesses - Lottomatica Videolot Rete and Lottomatica Scommesse - at around 1.1 billion euros including debt, IGT said, adding the sale of the units would happen at "an attractive multiple". Type a symbol or company name. This information is available in the PitchBook Platform. Cautionary Statement Regarding Forward-Looking Statements. REFERENCES/CITATIONS [1] "GAMENET GROUP AGREES TO ACQUIRE THE ITALIAN ONLINE, SPORTS BETTING AND GAMING MACHINES B2C BUSINESSES OF INTERNATIONAL GAME TECHNOLOGY PLC", Press Release published on the company's website here on 07-Dec-2020: https://www.gamenetgroup.it/sites/default/files/investor-relations/Gamma%20Bidco%20Signing%20Press%20Release%20071220.pdf Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating. Il Bilancio di Sostenibilit lo strumento attraverso il quale perseguiamo limpegno di rendicontare non solo gli impatti economici e finanziari, ma anche quelli sociali e ambientali derivanti dalla nostra attivit di impresa. 0001104659-23-043485.pdf. MILAN, Dec 7 (Reuters) - U.S.-listed gaming group IGT IGT.N said on Monday it had agreed to sell its Italian gaming machine, sports betting and digital gaming businesses to Apollo's APO.N. This news release contains references to aggregated adjusted EBITDA, which is a non-GAAP measure. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The Company operates both as a concessionaire and as a retailer in four gaming segments business areas: Amusement with prize (AWP), Video Lottery Terminal (VLT), Retail & Street Operations and Betting Online. Contact Email scommesse@gamenet.it. Financial Documents ( https://www.sisal.com/eng/governance/financial-documents) IR@signify.com. . Puntiamo sull'innovazione tecnologica e sul digitale per garantire un'offerta unica e sicura, divertente e coinvolgente. 19 km, Markopoulou Ave., 19 002 Peania - Attica, Greece. Investor presentation Q1 2018. How we use your information depends on the product and service that you use and your relationship with us. 13917321005, Lottomatica S.p.A. The revolving credit facility ("RCF") will also be upsized from EUR100 million to EUR232 million (excluding guarantee facility). Personalize which data points you want to see and create visualizations instantly. Gamenet Group S.p.A. -- Moody's affirms Gamenet's CFR at B1; outlook Scopri di pi 02/03/2023 ESG: Lottomatica tra le aziende "Top Rated" di Morningstar Sustainalytics 28/02/2023 Innovazione e lavoro, il Career day di Lottomatica Digital Solutions al Politecnico di Bari 23/02 . Other. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, IGT PlaySports Technology Powers Retail Sports Betting at Meskwaki Bingo Casino Hotel, International Game Technology PLC to Host First Quarter 2023 Results Conference Call on Tuesday, May 9, 2023. Gamenet Group's Profile, Revenue and Employees. IGT has approximately 11,000 employees. Annual Reports/Proxy Alerts. PDF Lottomatica - Home Gamenet Group SpA said its first-quarter normalized net income came to 1.7 million, a fall of 37.3% from 2.8 million in the year-earlier period. The company's operating segments include Betting retail; Online; Retail and Street Operations; Amusement with prize machines (AWP), and Video lottery terminals (VLT). Disponiamo della maggiore infrastruttura specializzata nella distribuzione di prodotti e servizi di gioco in Italia e siamo leader del mercato in tutti i segmenti in cui operiamo. This site is protected by reCAPTCHA and the Google Learn how it impacts everything we do. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. This is despite a large working capital outflow of around EUR150 million driven by the repayment of deferred gaming taxes. Flutter has access to an attractive and growing global market and is well positioned for success with substantial online scale, distinctive brands, and leading sports and gaming capabilities. Online Impregilo SpA: Annual Report as at 31 December 2013. Gamenet owns and operates lottery systems, gaming centers and betting shops. In addition, Moody's considers the target to be a good fit because products and networks are complementary. for an enterprise value of approximately 1.1 billion. Investor Relations Overview; Investor Presentations; Investor Fact Book; News Releases; Quarterly Earnings; SEC Filings & Reports; Executive Committee; Corporate Governance; WhatsApp acquired by Facebook). The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody's affiliates outside the UK and is endorsed by Moody's Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the UK.
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