November 17, 2017 4:44 PM ET

Hotels, Restaurants and Leisure

Company Overview of Gamenet Group S.p.A.

Company Overview

Gamenet Group S.p.A. engages in the gaming and betting business in Italy. The company operates through Video Lottery Terminal (VLT); Amusement With Prize (AWP); Betting and Online; and Retail and Street Operations segments. Its AWPs are represented by traditional slot machines. The company engages in the betting and online games, such as poker, casino games, bingo, horse racing, and other sports betting. As of December 31, 2016, its distribution network included 750 betting rights; 8,750 VLT licenses; 45,700 AWP operating permits; and 660 gaming halls, of which 67 are directly managed. The company was founded in 2006 and is based in Rome, Italy.

Corso d'Italia, 6

Rome, RM 00198

Italy

Founded in 2006

542 Employees

Phone:

39 06 89 86 51

Fax:

39 06 89 86 559

Key Executives for Gamenet Group S.p.A.

Chief Executive Officer and Director
Chief Financial Officer
Age: 52
Chief Executive Officer of Intralot Holding & Service - Gamenet Scommesse Spa
Head of M&A
Age: 49
Head of Retail Business & Distribution Network Delivery
Compensation as of Fiscal Year 2017.

Gamenet Group S.p.A. Key Developments

Gamenet Group S.p.A. Announces Audited Consolidated Earnings Results for the Six Months Ended June 30, 2017

Gamenet Group S.p.A. announced audited consolidated earnings results for the six months ended June 30, 2017. For the year, the company reported revenues of EUR 304,319,000 against EUR 221,026,000 a year ago. Profit before tax was EUR 2,242,000 against EUR 3,750,000 a year ago. EBITDA was EUR 36,347,000 against EUR 30,755,000 a year ago. Total revenues and income were EUR 306,723,000 against EUR 222,054,000 a year ago. Net loss for the year was EUR 1,250,000 or against profit of EUR 173,000 a year ago. Net loss for the year attributable to the owners of the parent was EUR 953,000 or against profit of EUR 205,000 a year ago. Basic and diluted LPS was EUR 0.03 against Basic and diluted EPS of EUR 0.08 a year ago. Cash flow from operating activities was EUR 46,100,000 against EUR 20,843,000 a year ago. Investment in intangible assets was EUR 5,987,000. Investment in property, plant and equipment was EUR 11,254,000 against EUR 5,452,000 a year ago.

Gamenet S.p.A. Announces Audited Earnings Results for the Year Ended December 31, 2016

Gamenet S.p.A. announced audited earnings results for the year ended December 31, 2016. For the year, the company reported revenues of EUR 537,495,000 against EUR 473,455,000 a year ago. Profit before tax was EUR 5,928,000 against EUR 16,085,000 a year ago. Net loss for the year attributable to the owners of the parent was EUR 2,131,000 or against profit of EUR 6,944,000 a year ago. Basic and diluted EPS was EUR 0.13 against EUR 2.76 a year ago. Cash flow from operating activities was EUR 42,050,000 against EUR 55,014,000 a year ago. Investment in intangible assets was EUR 7,654,000 against EUR 2,735,000 a year ago. Investment in property, plant and equipment was EUR 14,996,000 against EUR 2,211,000 a year ago.

Gamenet Group S.P.A. Announces Issuance of 200 Million 6% Senior Secured Notes Due 2021

Gamenet Group S.p.A. announced the issuance of its 200 million 6% Senior Secured Notes due 2021, issued pursuant to Rule 144A and Regulation S under the Securities Act, and on a new 30 million super senior revolving credit facility to support the group's working capital requirements. Proceeds will be used to redeem Gamenet's existing 200 million, 7.25% Senior Secured Notes due 2018.

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