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ITALIAN BAN ON PUBLIC GAMING TERMINALS
5/13/10 - The giant Italian gambling company Microgame will no doubt be considering its options following the latest move by the Italian regulator AAMS this week – the banning of public gaming terminals.
The terminals – known as ‘totems’ – are found in coffee shops and other public places and connect to poker e-gaming websites mainly associated with the Microgame network. So successful are the terminals that as much as 30 percent of Italian poker turnover is generated from the machines.
The AAMS move is understood to have been motivated by complaints from competing poker operators, who have made substantial investments in the dedicated Italian poker market but are experiencing difficulty in prevailing against the massive market share of entrenched companies such as Microgame that dominate the market.
Companies that stand to benefit from the new ban include online poker giants that have introduced dedicated Italian poker networks such as Bwin, Microgaming and Pokerstars. It will undoubtedly improve the chances of new entrants to this lucrative market.
Microgame’s owners, Monitor Clipper Partners, are unlikely to be pleased with the new development, having acquired the company late last year with an eye on the booming Italian poker business it was attracting. The Italian poker sector is estimated to be the largest in Europe, with analysts predicting that it will hold 22 percent of total European poker market share by the end of this year.
Microgame, which posted a poker turnover of Euro 248 million in Q1/2010 holds just under 30 percent of the local poker market, compared with the other major players in the sector: Bwin’s 17 percent, Pokerstars’ almost 18 percent and Lottomatica’s 11.2 percent. Microgame also achieved Q1 turnover on internet sports betting of Euro 130.1 million.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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