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Italian Online Gambling Revenue up 21 percent
Saturday, April 30, 2016 : ITALIAN ONLINE GAMBLING CONTINUES TO SHINE IN Q1-2016
Revenue up 21 percent at Euro 267 million.
Figures from the Italian regulator AAMS show that total Italian online gambling revenue in the first quarter of 2016 reached Euro 267 million, up 21 percent year-on-year.
Most of that was generated by online casino action which contributed Euro 106 million for a 38 percent improvement on the preceding year, with Lottomatica the main supplier with 15 percent of online casino revenues in the first quarter.
The largest growth in the main verticals came from online sports betting, however which soared 42 percent to Euro 96 million. Growth was stimulated by favourable sports results for bookies and a change in the way tax is calculated, moving from turnover to GGR and giving operators more cash to plough into promotions and marketing in a competitive business.
First quarter revenues were less pleasing in online poker, where cash game revenue slipped 18 percent to just Euro 20.7 million, probably because the market remains ring-fenced. Tournament revenue by comparison performed a little better and was up 6.6 percent at Euro 22.4 million thanks to strong demand in the last month of the quarter.
Online bingo enjoyed a small revenue improvement of 2.9 percent to Euro 7.5 million; virtual sports grew 8.2 percent to Euro 2.6 million and exchange wagering surged upwards 40 percent to Euro 875,000.
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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