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Italian Gambling Market Growing
Written on 5/25/11 :
Overall 2010 turnover up 5.5 percent on previous year, reaching Euro 57.4 billion
Industry research firm Research and Markets has released its new study of the Italian market, noting that turnover in the period 2004-2010 has been steadily increasing, with 2010 numbers expected to reach Euro 57,4 billion - an increase of 5,5 percent on 2009.
Italian market Average Revenue Per User (ARPU) is one of the highest worldwide, the research firm reports, with client expenditure averaging around Euro 1 000/ year.
The study found that slot machines are the most profitable Italian product, with around 49 percent of overall turnover, with lotteries next in popularity.
In the online sector, turnover is expected to reach Euro 4.7 billion - up 25 percent on the previous year in terms of margin for operators, with internet poker likely to generate growing revenues through 2011 and interactive sector revenues generally growing to around Euro 7.5 billion by 2013.
The Italian study includes deep analysis in terms of products (VLTs, Betting, Poker, Lotteries, Bingo, Skill Games), channels (offline, online, mobile), regulatory environment, main competitors, market trends (yields, customers, etc), customer targets, business models and entering strategies.
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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.
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.
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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