Online casino players will
be curious to know that an online
casino betting company from
Malta will
be the new owners of the Casiṇ di Venezia.
The online
casinos company director, Orlandi
Fernandi is from Lecce.
Sportalnet is
owned by International Trust
Ltd, a company whose
shareholders include former
Nationalist MP George Hyzler,
Rodney Lee Berger and lawyer
Simon Tortell.
Currently,
Tortell is a
shareholder in the Vittoriosa Gamings Ltd.,
which holds the concession
to run the Casiṇ di
Venezia casino.
Until now, the principle
and only other shareholder
in this company was the
municipality of Venice.
Despite the sale of shares,
the concession will still
be 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 offering
6.6 million (Euro) to buy a
60% share of Vittoriosa
Gaming Ltd. This payment
transfer will take place
over the next couple
of years. After thge payment
for the initial 60% of the
company is finalized, an
additional payment structure
for the remaining 40% of the
company will take place.
