...+ Gamenet intends to refinance its existing 30 million super senior revolving credit facility (RCF) and 200 million senior secured notes with a new 30 million super senior RCF and issuance of 225 million senior secured notes. + Gamenet's 2017 operating performance shows it has executed a sound diversification strategy, which we believe will continue to support an improvement in both its financial and business profiles. + However, it remains exposed to uncertainty regarding the unsettled regulation in Italy, further delays in license renewals, and potential changes in Gamenet's ownership structure. + We are revising our outlook on Gamenet to positive from stable and affirming the 'B' rating. + The positive outlook reflects our expectation that Gamenet's business profile will continue to improve as it gains scale and further diversifies its operations, and that the regulatory and operating environment will stabilize....
