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Italian SportsBetting Market soars 37 percent year-on-year

ITALIAN ONLINE SPORTS BETTING MARKET PERFORMS STRONGLY IN SEPTEMBER
 
Turnover soars 37 percent year-on-year to Euro 369 million.
 
The latest AAMS figures - for September - show that Italian online sports betting continues to deliver strong results, with turnover up 37 percent year-on-year at Euro 369 million, and month-on-month sequential results also up at 19 percent.
 
Euro 129 million of that turnover was delivered by the persistent market leader, Bet365, although the numbers show that its market dominance slipped from 39.5 percent to 35 percent.
 
Other market leaders included Eurobet (Gala Coral), which increased its market share to Euro 34.5 million - up Euro 7.5 million on the preceding month.
 
Sisal trailed at Euro 25.6 million - an improvement of Euro 5.5 million on August 2016, whilst Snai was up Euro 4.9 million at Euro 24.6 million.
 
They were chased by William Hill, which was up Euro 6.6 million at Euro 23.6 million; Paddy Power-Betfair (up Euro 600,000 at Euro 18.2 million) and Betaland which continued to prosper following its launch in June and generated turnover of Euro 10 million.
 
The regulator reported that in September online poker cash game spend declined by over 10 percent to Euro 218.4 million, but that the tournament poker segment generated fees of Euro 66.5 million - a 11.7 percent improvement.
 
Pokerstars was again the market leader in tournament action, commanding almost 75 percent of the Italian online poker market; however its cash game market share dipped 3.6 percent to 47.3 percent.
 
The online poker giant maintained a wide distance from its nearest rivals, none of which achieved double digit market share.
 
Online casino performance in the Italian market continued to perform well, with revenue up 32.5 percent y-o-y at Euro 37.6 million, bringing the year-to-date numbers to Euro 315.3 million - a very creditable year-on-year rise of 36.3 percent.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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