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Italian Online Sports Betting Soaring

ITALIAN ONLINE SPORTS BETTING CONTINUES TO SOAR
 
H1-2016 turnover up almost 50 percent.
 
The Italian news agency Agimeg has reported on the 2016 first half performance of the Italian online gambling market, revealing that sports betting continued to soar, with turnover rising almost 50 percent year-on-year at Euro 1.92 billion.
 
Added to turnover from land-based sports betting, the total wagers laid in the market topped Euro 3.5 billion - up y-o-y by 28.5 percent.
 
Bet365 dominated the online sports betting market, handling Euro 687.3 million of the bets, well ahead of nearest rival Gala Coral which took in bets worth Euro 197.6 million.
 
Other prominent competitors included Sisal (Euro 144.5 million), William Hill (Euro 140.3 million), SNAI-Cogetech (Euro 133.5 million), Paddy Power-Betfair (Euro 106.8 million) and Better-Totosi (Euro 98.4 million).
 
On the Italian internet casino gaming front revenues were up 36 percent y-o-y at Euro 208.9 million, with Lottomatica in charge on an 11.5 percent market share. Sisal was its nearest rival with 8.7 percent market share, followed by William Hill with 6.9 percent. Chasing hard after a late start, Pokerstars generated a 6.3 percent share, marginally ahead of Bwin Italy.
 
Predictably, Pokerstars dominated the online poker tournament vertical in Italy during H1-2016, holding a market share of 72.5 percent, way ahead of Lottomatica (6.55 percent) in a declining market totalling Euro 36.8 million that was down year-on-year by 3.3 percent.
 
In the Euro 37.9 million online poker cash game sector for H1-2016 Pokerstars again led the pack in a declining market, holding 48.2 percent market share and comfortably ahead of nearest competitor Peoples Poker (7.38 percent) and Lottomatica (7.34 percent).

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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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