van den Brink: “Italy is one of the most important regulated markets for online gaming”
VIENNA – Greentube, the NOVOMATIC Interactive division, has further cemented its position in the Italian market with the acquisition of Admiral Sport.
Admiral Sport offers a betting and casino site in Italy under the AdmiralYes brand and has been operated by NOVOMATIC Italia since 2012. In addition, the company runs a retail network of more than 100 sports betting locations in the country.
The acquisition comes just months after Greentube announced the takeover of experienced Italian developer Capecod Solutions and will see it further expand its footprint in this established gambling market through synergies with the land-based sector.
The takeover from NOVOMATIC Italia focuses the Group’s activities in the country with all local online business now operated by Greentube. AdmiralYes will be the second B2C brand operated by Greentube in the country, with the Starvegas site being live since 2012. Italy has long been a key market for Greentube, and this latest acquisition is testament to the company’s commitment to the market.
Markus Buechele, CEO of NOVOMATIC Italia, said: “Admiral Sport is a strong brand in the Italian market, both online and in retail, and we are very pleased with how the business has evolved over the years. With online continuing to grow strongly, under the umbrella of Greentube, Admiral Sport is best positioned to accelerate its business development and increase its market-share”.
Ronald van den Brink, CCO at Greentube, said: “We are thrilled to complete our second acquisition in Italy in a short space of time to further strengthen our position in the market. Admiral Sport is a renowned and trusted Italian player and through this takeover we will double our market share, giving us a better foundation to develop our future activities in the country. Italy is one of the most important regulated markets for online gaming and we see great potential to further grow the business over the next few years.”
Step inside the “Home of Games” with Greentube, delivering safe and secure casino entertainment to players around the world. As the NOVOMATIC Interactive division, Greentube offers a diversified portfolio of Video Slots, Table Games, AWP Reloaded Slots, Server-Based Gaming, Social Casino Gaming, Video Bingo and more. Greentube’s Omni-channel technology is at the forefront of gaming innovation and converges online, mobile and land-based gaming.
ADMIRAL Sport is the concessionaire active in the physical and remote management of sports and virtual betting and any type of online game authorized by the Italian Regulator. ADMIRAL Sport has introduced, for the first time in Italy, the self-service mode for betting shop, being able to count on NOVOMATIC hardware, the FV 830 cabinet, and on software optimized for use in self-service mode, and now, thanks to the wide range of online gaming products offered through the ADMIRAL Yes website, is a significant centre for the offer of land and online sports betting under the distinctive ADMIRAL brand.
