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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 :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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