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Italian Esports Betting

SNAI FIRST TO ITALIAN MARKET WITH ESPORTS BETTING

Believes the vertical will pay big rewards.

Italian operator SNAI, in partnership with Sportradar, is the first to market with the launch of an eSports package comprising pre-match and in-play betting initially on Dota 2 and League of Legends tournaments with plans to expand the offer in the near future.

Skyrocketing in popularity, electronic sports comprises competitive playing of video games for prizes.

"We are living in a golden age of the development and dissemination of eSports globally," Fabio Schiavolin, chief executive officer of the SNAI Group - Cogetech said.  “We see strong development in this discipline and expansion for the world of betting. We are the first in Italy to focus on this innovative product. In online our growth rate in 2015 was higher than that recorded by the market: + 50% and + 25% betting in casinos, a performance that has rewarded our efforts. We believe that a big push in eSports will yield rewards.”

SNAI eSports package is available 24/7 due to most major tournaments being held in Asia and the USA.  The company will offer complete programmes, results and live streaming for all major events.

“The rise of eSports was particularly evident in Asia, where competitive electronic games are part of a deep-rooted culture that focuses on cyber-cafe and has  national television coverage. Here, League of Legends sees nearly 70 million unique players each month and the prize money will be around $ 1 million. In America the turnover last year produced profits of $ 615 million, and promises a 30% market growth over the next five years” Shiavolin explained.

"We are confident that this product will bring us more success thanks to the e-Sports culture of netgaming; the scenario is populating platforms such as Twitch, where you can follow the most important world events live. This is a phenomenon that is spreading in Italy and therefore very interesting for us to offer increasingly innovative and engaging gaming experiences. "

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IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

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Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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