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Italian Gambling Market Continues To Grow

The Italian gambling market continues to thrive, according to new numbers just out from the country's regulatory body, the AAMS, which cover the period January to April 2009 and show that gambling wagers in Italy rose 10 percent in the first four months of the year to Euro 17.603 billion, with wagers in April alone reaching Euro 4.442 billion. In the comparative period April 2008, wagers were 4.076 billion
 
According to Reuters business news service, there was continued growth in sports betting and online poker, lotto sales were lower, but scratchcards wagering increased.
 
Gambling wagers in Italy rose 10 percent in the first four months of the year to 17.603 billion, with gambling group Lottomatica revealing that two thirds of its expected full year earnings will come from Italy. In particular Lottomatica holds the concession for Italy's Lotto game, Gratta & Vinci scratch cards and is also expanding in sports betting and online poker.
 
Rival Snia is active in sports betting and runs Italy's largest horse betting network.
 
AAMS published a table of Italian gambling wagering by type ( figures in millions of Euros):
                   
                              Apr09         Mar09       Apr08
 
Slot machines         2,014        2 064          1,950
Bingo                        105          128            131
Horserace betting      183          194            211
Sports betting            418          411            355
Scratch cards            889          888            790
Lotto                         449          464            483
Online poker              188          182              nil
Superenalotto            196          202            156

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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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