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SPortsBetting Numbers Up In Italy
Monday March 23,2015 : ITALIAN SPORTS BETTING UP IN FEBRUARY
But revenues limited by player successes.
There was plenty of action in Italy's sports betting market through February, but operator revenues were unimpressive as Lady Luck smiled on the gamblers in many cases.
Official numbers released by regulator AAMS tell the story; wagering in February 2015 almost doubled y-o-y to a remarkable Euro 227.1 million as punters took advantage of the increased number of betting options now allowed by the regulator....but revenues stayed pretty much the same at Euro 20.2 million as punters scored.
Operators in Italy are hoping that projected changes in the tax laws will create a healthier business for all concerned, according to analyst reports from law firm DLA Piper.
The current turnover-based tax on sports betting, bingo and poker tournament games is reportedly soon to be changed to a 20 percent margin-based tax across all games, whether land or internet based. Among other advantages such a revision will bring is the prediction that it will in general avoid distortions over periods when players are luckier than usual.
DLA Piper reports that the Italian market will soon see the end of the official schedule of bets and events, giving operators full flexibility in the offering of bets, and improved business possibilities.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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