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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.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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