Italian betting and gaming operator Snaitech is delisting from the Italian bourse as London-listed gaming supplier and operator Playtech Plc. gains full control over the company.

In a regulatory filing, Playtech announced Thursday that it will be acquiring the remaining 3.5 percent minority shareholding of Snaitech through its wholly-owned Italian subsidiary Pluto (Italia) SPA. Minority shareholders will get cash consideration equal to €2.19 per share as previously noted in Playtech’s Mandatory Takeover Offer.

Trading of Snaitech shares is expected to be suspended for two days starting August 1 as a result of Playtech’s squeeze-out. Playtech plans to delist Snaitech from Mercato Telematico Azionario, organised and managed by Borsa Italiana, on August 3.

Snaitech is licensed by the Italian Monopolies Authority to offer gaming services and products, including sport and horse racing betting; virtual sports; video lottery; online and mobile poker, skill games, casino games, bingo; esports; and pari-mutuel betting.