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Playtech completes purchase of majority stake in Snaitech

Casino and gaming operator Playtech plc on June 5 completed its acquisition of a 70.6% stake in gaming firm Snaitech SpA.

Playtech also separately acquired about 9% of Snaitech's shares on top of the stake it initially announced April 12, bringing its total interest in the company to nearly 80%.

Playtech said it will launch a mandatory takeover within the next few weeks for the remaining Snaitech shares it does not currently hold. It expects to conclude the whole transaction later this year.