AdmiralYes will be the second B2C brand operated by Greentube in the country, with the Starvegas site being live since 2012. The takeover from NOVOMATIC Italia focuses the Group’s activities in the country with all local online business now operated by Greentube. The acquisition comes months after Greentube announced the takeover of Italian developer, Capecod Solutions, and will see it further expand its footprint in the established gambling market through synergies with the land-based sector. “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.” “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,” explained Markus Buechele, CEO of NOVOMATIC Italia. In addition, the company runs a retail network of more than 100 sports betting locations in the country. Admiral Sport offers a betting and casino site in Italy under the AdmiralYes brand and has been operated by NOVOMATIC Italia since 2012. Greentube, the NOVOMATIC Interactive division, has further cemented its position in the Italian market with the acquisition of Admiral Sport.
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