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Italian Gambling Market Prospering

ITALIAN ONLINE GAMBLING MARKET CONTINUES TO PROSPER
 
Euro 512 million in wagers placed in August on sports events.
 
Latest numbers from the Italian regulator indicate continued prosperity in Italian online and land gambling, with sports betting turnover in both land and online sectors totalling Euro 512 million in August, made up of online Euro 309.7 million and land Euro 202.3 million.
 
The August numbers boost turnover for the year to date by 17 percent, with online showing the better improvement at 32.4 percent.
 
Once again Bet365 claimed the biggest share of the sports betting market at 39.7 percent, well ahead of closest rival Eurobet (8.7 percent). Other competitors in the space include Sisal (Euro 20.1 million); Snai (Euro 19.7 million); Paddy Power Betfair (Euro 17.6 million and William Hill (Euro 17 million).
 
On the online casino gaming front, August revenues were up 35 percent year-on-year at Euro 34.3 million, with Lottomatica claiming the biggest slice of the pie at 11.8 percent, pursued by Sisal on 8.5 percent and Pokerstars on 7.3 percent.  William Hill trailed at just 6.3 percent, behind Eurobet.
 
Predictably, Pokerstars led the Italian poker market again with 50.9 percent of the cash game market and 74.2 percent of the tournament sector. Cash game returns in August were down 10.3 percent at Euro 5.3 million, as were tournament returns which declined 3.7 percent to Euro 4.9 million.
 
The betting exchange vertical again showcased Betfairs total dominance, with the pioneer of the genre reportedly holding a 95 percent share of the rapidly growing sector, which has soared 65.5 percent year-to-date, albeit from a small base.
 
Total year-to-date Italian gambling market revenues were up 19.3 percent to Euro 8.2 billion at the end of August.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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