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888 gambing Going To Italy

Internet gambling group assembling potent partnerships
 
In a conference call Tuesday 888.com chief executive Gigi Levy outlined the potent partnerships his company has assembled in the burgeoning Italian online casino market, flagging agreements with Endemol, Bwin and more recently Microgame SpA.
 
Levy outlined the hard yards put in by his group in building an Italian presence, and revealed that Bwin and Microgame together dominated the market in Italy with a 50 or more percent market share. The internet gambling exec also revealed that more deals are in the pipeline.
 
In contrast, Levy said that despite initiatives into the newly liberalised French market, this region was not the primary focus of 888.com. This was mainly due to market drawbacks such as heavy taxation on operators and the absence of casino and bingo action at present in the games allowed by the regulator.
 
“When you look at France, that is probably a very bad combination for us,” he said. “It is only sports and poker.  In sports, our offering is not really relevant at this time. With poker, we have not yet entered the market; we want to see how it works out. The taxes are high so the ecosystem is under pressure, there is no casino; no bingo....”
 
Gigi also reviewed the company’s position in the United States, admitting that he has been involved in talks with the US Department of Justice, and that he was encouraged by the positive [HR2267] recent developments in that country, where 888 is discussing possibilities with as many as 10 possible US partners.
 
He drew attention to the 888 b2b deal with the interactive division of Harrah’s Entertainment, pointing out that as far as he was aware this remained the only significant deal signed with an American entity so far.
 
The Harrah’s deal has resulted in a requirement for the approval of the Nevada Gaming Board, and the investigation by that body into 888.com’s suitability remained in progress, he revealed, adding that it was a sensitive process but that it was hoped the results would be released before the end of 2010.
 
In related news, the Reuters news service reported Tuesday that 888 had been approached by unidentified rivals seeking a merger following last week's tie-up between Austria's Bwin and Party Gaming.
 
The merger puts pressure on other companies in the sector to strike deals or risk losing out as online gambling laws are relaxed across the world, the news agency commented, adding a quote in which Gigi Levy said:
 
"This puts us in a position in which we are one of the best assets in the field - we got a few phone calls immediately from various people. Everybody in the industry is looking and saying 'who is the best one to merge with if we need to?'."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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