+39 06 89 86 51. 2023 PitchBook. The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.These ratings are solicited. In addition, Moody's considers the target to be a good fit because products and networks are complementary. MOODYS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization, Auto-generated name of transaction (e.g. GAMENET GROUP S.P.A. : Press releases | IT0005282725 | MarketScreener Privacy Policy and 0001104659-23-043485.pdf. Gamenet Group SpA said its normalized net income for the second quarter was 2.1 million, a decline of 7.0% from 2.3 million in the year-earlier period. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Contact Information Website Create your Watchlist to save your favorite quotes on Nasdaq.com. Written by Company Type For Profit. . Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating. Gruppo IVA 15432831004 IGT's Italian business was delisted from the Milan bourse in 2015 following the acquisition of its U.S. subsidiary. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Gamenet Group's primary competitors include Bet365, Kambi, Tipico and 16 more. Copyright 2023 Surperformance. About us. 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. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 58/.. Gamenet Group S.p.a. : Shareholders' agreement, Gamenet S P A : Notification of share buyback. The Board of Directors of IGT has unanimously approved the transaction, which remains subject to customary closing conditions, including regulatory approvals. Copyright 2023 Morningstar, Inc. All rights reserved. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall", "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. Terms of Service apply. Develop and improve features of our offerings. "The rebalancing of our business and geographic mix reframes and simplifies our priorities while improving the company's future profit margin, cash flow generation, and debt profile," IGT Chief Executive Marco Sala said in a statement. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. Sisal S.p.A. April 2, 2023 FY 2022 Results Press Release March 16, 2023 iliad successfully completes a 500 million bond issue February 8, 2023 EIB and iliad sign a new 300m loan to finance FTTH network rollout. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. RATINGS RATIONALE Proforma the acquisition, Gamenet will have a stronger business profile as the company will double its size and become the leader in the Italian gaming market. 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. Operiamo nel rispetto di saldi principi etici e morali. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Gamenet operates in the gaming sector, with a strong presence in the slot machines and video-lotteries businesses. Get the full list, Youre viewing 5 of 6 investments and acquisitions. In December 2020, Gamenet announced the acquisition of the Italian online, sports betting and gaming machines businesses (together the "target") of International Game Technology PLC (Ba3, stable) for EUR950 million[1]. 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. Gamenet Group's Competitors, Revenue, Number of Employees - Owler 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Offriamo esperienze di gioco sicure e coinvolgenti attraverso tutti i canali di vendita, ponendo sempre al centro la responsabilit e la sostenibilit. Contact Email scommesse@gamenet.it. After submitting your request, you will receive an activation email to the requested email address. The Investor Relations website contains information about Scientific Games Corporation's business for stockholders, potential investors, and financial analysts. IGT has approximately 10,500 employees. MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452Francesco Luti, +39 3485475493; for Italian media inquiriesJames Hurley, Investor Relations, +1 (401) 392-7190, Cision Distribution 888-776-0942 MOODYS credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors.Additional terms for Japan only: Moody's Japan K.K. IGT expects that the transaction will close in the first half of 2021. Credit Suisse International is acting as lead financial advisor to IGT, UBS is acting as financial advisor and fairness opinion advisor to IGT and its Board of Directors, and White & Case and NCTM are advising IGT. 3M - 3M Announces Senior Management Team Changes We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Il sito web di Lottomatica fa uso di cookie tecnici e analitici, necessari al funzionanmento del sito e a garantire la navigazione.Per maggiori informazioni, ti invitiamo a consultare la cookie policy del Sito. How we use your information depends on the product and service that you use and your relationship with us. Credit Suisse CSGN.S acted as financial adviser for IGT on the deal, UBS UBSG.S as financial and fairness opinion adviser while White & Case and NCTM advised on legal issues. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement. IGT (NYSE:IGT) is a global leader in gaming. Message. for the 12 months ended December 31, 2019. info@lottomatica.com (MJKK) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moodys Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Win whats next. Gamenet Group SpA GAMEm Executive Morningstar Rating | Rating as of Apr 28, 2023 Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation. +39 06 89 86 559. ir@lottomatica.com. 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). Alpek continually strives to lead our organization for the benefit of our shareholders by actively communicating strategic changes and value-driven initiatives, transparently reporting all financial and governance dealings, and interacting proactively with the investor community. We aim to provide our investors with insightful, transparent and precise information to help aid a detailed understanding of the financial strength of our business. Investors | Flutter Entertainment plc 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. Moody's expects that Gamenet will maintain good headroom under this covenant if it is tested. Terms of Service apply. Promuoviamo il dialogo con i nostri stakeholder per garantire strategia e programmi di eccellenza sui temi ESG. for an enterprise value of approximately 1.1 billion. 2023 2022 2021 2020 2019 2018 2017 2016 2015. Investor Relations - Schoeller Allibert MOODYS PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODYS ANALYTICS, INC. Concurrently, Moody's assigned a B1 instrument rating to the new EUR525 million senior secured notes due 2025 to be raised by Gamma Bidco S.p.A.. At the same time, Moody's has changed the outlook on all ratings to stable from negative. Wed like to share more about how we work and what drives our day-to-day business. Resi.. Gamenet S P A : Notice pursuant to Article 102, paragraph 1, of Legislative Decree no. These products and services are usually sold through license agreements or subscriptions. /it-it/home/sostenibilita/bilancio-di-sostenibilita, ESG: Lottomatica prima tra le aziende consumer services. . 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. 6 March 2023. Attn: Investor Relations. +39 06 89 86 559 Download. Gamenet operates in the gaming sector, with a strong presence in the slot machines and video-lotteries businesses. A reconciliation of non-GAAP measures used in this news release is provided below. +31 20 24 55340. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. IGT (NYSE:IGT) is a global leader in gaming. Delayed London Stock Exchange However, Moody's expects that there will be a rapid recovery once the company's retail network opens up, as evidenced by the 7.5% EBITDA growth year-on-year in the third quarter of 2020. Franklin Lakes, NJ 07417. In this new role, Vale will have responsibility for three of the company's four business gr . For more information, please visit www.IGT.com. Investors News Contatti ITA . When typing in this field, a list of search results will appear and be automatically updated as you type. Moody's announces completion of a periodic review of ratings of Gamenet MarketScreener: Created by Investors for Investors! Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Type a symbol or company name. IR-related Inquiries. Email address. for 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. Alexander Hutter Vice President, Investor Relations Tel: 203-406-3187 E-mail: ahutter@silgan.com Transparency is our policy. 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. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided AS IS without warranty of any kind. Other. Akso Health Group Granted Additional 180 Calendar Day Grace Moodys SF Japan K.K. iliad Group - Financial news releases c), of CONSOB Regulation.. Gamenet S P A : Exercise of the option rights granted under the stock options plan 2017-20.. Gamenet S P A : Publication of the offer document relating to the mandatory tender offer l.. Gamenet S P A : Announcement of the board of directors of gamenet group s.p.a. pursuant to.. Gamenet S P A : Approval of the share capital increase for the purposes of the 2017-2020 s.. Gamenet S P A : Approval of the offer document relating to the mandatory tender offer laun.. Gamenet S P A : Filing with consob of the offer document relating to the mandatory tender .. Gamenet S P A : NOTICE RELATING TO THE INEFFECTIVENESS OF PROVISIONS OF SHAREHOLDERS' AGRE.. Gamenet S P A : Completion of the acquisition of 48.67% of the shares of the Company. The Company encourages investors to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. For 2021, Moody's expects a lower EBITDA than previously forecast, reflecting the longer than expected period of restrictions in Italy. Statutes. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. Lottomatica S.p.A. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. 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. You can sign up for additional alert options at any time. 08-05-2018. 21/03/2023 Gioco responsabile, al via il programma di formazione firmato Lottomatica per tutti i punti vendita. Investors. Starwood Capital Group 2024 Investor Relations Summer Analyst Impregilo: Interim Financial Report as at 30 June 2013. Peer performance insights compare the companys ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements. (MSFJ) is a wholly-owned credit rating agency subsidiary of MJKK. Transparency is our policy. Contact Investor relations. GAMENET GROUP S.P.A. : Press releases relating to GAMENET GROUP S.P.A. Investor relations | London Stock Exchange: | London Stock Exchange IGT will use net proceeds from the transaction primarily to reduce debt. | We're ArenaNet and we . - Favorable rebalancing of business and geographic mix improves IGT's future profit margin and cash flow generation, - Focus within IGT's Global Gaming segment on core competency as a B2B service provider, - Proceeds will primarily be used for debt reduction, enhancing IGT's financial flexibility. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. We sell different types of products and services to both investment professionals and individual investors. Attivit. Investor relations | Signify Company Website Puntiamo sull'innovazione, sul digitale e sulla tecnologia per garantire un'offerta completa, divertente e sicura per i nostri giocatori. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Through this experience, the individual will work with multiple teams at Starwood Capital and . Operiamo nel rispetto dei pi solidi principi etici e morali. WhatsApp acquired by Facebook). PDF. 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". ArenaNet LLC | 18,640 followers on LinkedIn. . Negative pressure on the rating could occur if: (i) the company's performance weakens or is hurt by a changing regulatory and fiscal regime, including the terms of concessions renewal; (ii) Moody's-adjusted leverage remains above 4.0x for an extended period; (iii) free cash flow deteriorates and liquidity weakens.PRINCIPAL METHODOLOGY The principal methodology used in these ratings was Gaming Methodology published in October 2020 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1244702. Data Provided by Refinitiv. SEE APPLICABLE MOODYS RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODYS CREDIT RATINGS. Privacy Policy and All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. 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. News Release 08-05-2018. Copy and paste multiple symbols separated by spaces. Meet the IR team. January 18, 2023 iliad successfully completes a 750 million bond issue December 5, 2022 Q3 2022 Results Press Release November 15, 2022 Financial Reports - Webuild Via degli Aldobrandeschi, 300 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. 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. Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. PDF. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. IGT has approximately 11,000 employees. Events & Presentations - BD Seguici su. Tenant focus and use of distinctive market and location expertise. Financial Results - INTRALOT PDF. AND/OR ITS AFFILIATES. Legal Name Gamenet Group SpA. By providing your email address below, you are providing consent to IGT to send you the requested Investor Email Alert updates. International Game Technology PLC Announces Agreement To Sell Italian The review was conducted through a portfolio review discussion held on 22 July 2021 in which Moody's reassessed the appropriateness of the . Cautionary Statement Regarding Forward-Looking Statements. Editing by Jane Merriman), ((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net)). We sell different types of products and services to both investment professionals and individual investors. Mailing Address: For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. T. (+30) 210 615 6000, (+30) 213 039 7000 Email: info@intralot.com 08-05-2018. 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. Investor Relations - Zenith Bank Plc Countries Investor Relations We see IR as a strategic management obligation, melding corporate governance and disclosure while improving our shareholder's assets & values. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. IGT will retain some gaming activities in Italy, including the popular lotto game. All rights reserved. The target's EBITDA margin is higher than that of Gamenet and the acquisition will generate EUR50 million of synergies. This information is available in the PitchBook Platform. IGT has approximately 10,500 employees. Investor Relations | SoftBank Group Corp. 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. IGT (NYSE:IGT) is a global leader in gaming. Allwyn International a.s. Debt Investor Hub; Corporate governance; Financial news; Financial reports and presentations; Financial calendar; CSR / ESG reports; Regulatory disclosure; Offering documents; Financial reports and presentations.
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