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Four Month Report Of Italian Online Poker
Monday June 4, 2012 : FOUR MONTHS OF ITALIAN ONLINE POKER ACTION
Latest AAMS report covers January to April in the Italian market....and the overall picture is one of a decline in revenues
The first four months of 2012 have not been entirely happy ones for the online poker business in Italy, which has seen a decline in gross gaming revenues from cash games of almost 26.6 percent, according to the latest numbers from the Italian regulator AAMS. The picture on the tournament side has been a little better, but GGR is still down 12 percent compared to the same period last year.
The Italian giant Microgame's People's Network continues to be the market leader, but only just as Pokerstars.it catches up, increasing its share of the market to 26 percent, less than a percentage point behind its main rival.
Analysts point out that the Italian decline mirrors to some extent the even larger slip in internet poker stats provided recently by the French regulator ARJEL.
It would be easy to lay the declines at the door of the Euro crisis, but that does not appear to be the case, with online casino and sports betting attracting improved wagering activity.
That suggests that either a slip in popularity or over-taxation - or both - may be the underlying issues. Operators in Italy currently pay a hefty 20 percent gross profit tax - significantly above the level independently assessed as being conducive to market growth - and there is little prospect of tax reductions.
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Gambling News :
Tain Fast Bet -
Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.
Olympic Entertainment Group Mobile Gaming -
In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.
Circus Evolution HD Slot -
Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.
17 Crown people still detained -
Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on
SB1400 Virginia Poker Skill Game Bill -
Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.
Pennsylvania Video Gaming Association -
With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.
Stiffer Problem Gambling Penalties in UK -
The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.
Spartan Poker vs SpartanPoker name War -
Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.
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