Sportalnet
Buys Casinò di Venezia
As reported by the Malta Business
Today: "Sportalnet, a Maltese registered
on-line betting company will be the new owners
of the Casinò di Venezia.
"The
Director of this company is the Italian Orlandi
Fernandi from Lecce. Sportalnet is effectively
owned by International Trust Ltd, a company
whose shareholders include former Nationalist
MP George Hyzler, Rodney Lee Berger and lawyer
Simon Tortell.
"Tortell
is already a shareholder in the Vittoriosa Gamings
Ltd which holds the concession to operate the
Casinò di Venezia.
"Till
now the principle and only other shareholer
in this company was the municipality of Venice.
Despite the sale of shares, the concession will
remain in the hands of Vittoriosa Gamings Ltd
as the sale will only involve a transfer of
shares from the Venetians to Sportalnet.
"…Sportalnet
will be paying EUR 6.6 million to buy 60 per
cent of the Vittoriosa Gaming Ltd in the next
two years. It will be buying the remaining 40
per cent in the next ten years.
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