Casino di Venezia Bought by Online Casinos Site

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Online Casinos Archive » Casino di Venezia Bought by Online Casinos Site

Casino di Venezia Bought by Online Casinos Site

4 Dec 2005

Sportalnet, an online casinos leader, has recently added Casino di Venezia, another online gambling site, to its family of online casinos. The director, Italian Orlandi Fernandi from Lecce, has agreed to sell to Sportalnet. The acquiring company is owned by International Trust, Ltd., a company whose shareholders include famous people such as Rodney Lee Berger, lawyers Simon Tortell, and former Nationalist MP George Hyzler.

Sportalnet will buy the online casinos site for 6.6 million Euros for 60 percent of the Vittorsa Gaming Ltd., the company that holds the rights to operate Casino di Venezia. Until now, the exclusive shareholder of the online casinos site was the municipality of Venice. Although shares will be sold, the concession to the run the site will remain with Vittoriosa Gamings Ltd.

Within the next ten years, Sportalnet will buy the remaining 40 percent of the online casinos gaming company. It will be interesting to see how this online casinos site operates after the multi-million Euro acquisition. With the growth in popularity of the online casinos industry, it seems that more and more acquisitions will be taking place in the near future. Only time will show the new face of this market and its future direction.

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