8 February 2010 - Standard & Poor's Ratings Services lowered on Friday the long-term corporate credit rating on Italy-based gaming company SNAI
SpA (BIT:SNA) to B from B+.
, which in Italian stands for the National Association of Betting Shop Owners, is set to approach the Racecourse Association to bid for the rights of the 49 tracks not involved in the GG-Media deal, and then intends contacting the British Horseracing Board to discuss the use of pre-race data.
Maurizio Ughi, president of SNAI
, will stay in place until April when he will step down.
All seven thoroughbred and trotting meetings were lost on Wednesday after SNAI
, which represents the betting shop owners, decided not to open because of a political dispute.
web is enabling SNAI
to grow its online business through the provision of a range of rich content delivery services, including managed hosting.
PRIVATE EQUITY FIRMS SAID TO BE EYEING ITALIAN SNAI
BSTV, a joint venture between Essex entrepreneur John Holmes and the Italian-based company SNAI
, has been granted a licence by the BHB and is the only challenger to SIS to deliver the product to betting shops.
operates more than 320 horse racing wagering agencies.
venture in BSTV, with the Italian company SNAI
, to pitch for the distribution of data and pictures to UK betting shops, following the granting of a licence by the BHB.
areas of the BHB process for licensing data and pictures is BSTV, a joint venture involving the Italian-based betting operation SNAI
BSTV is linked to the Italian company SNAI
, which recently entered into a partnership with Purpletom Productions Ltd to submit an application to the BHB for a licence to deliver UK horseracing pictures and data to betting shops, under the brand name BSTV (Betting Shops TV).
We are hopeful that BSkyB and [Italian company] SNAI
will be serious alternative suppliers; we recognise that it is vital that they also provide greyhound racing to complement horseracing.