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Microgaming Italian poker a big hit
6.3.10 - Online poker and skill gaming operations have proved to be a winner for the giant Italian online gambling company Microgame, accounting for 60 percent of the firm’s Euro 1 billion turnover in 2009.
Releasing its numbers this week, the company reported a 151 percent year-on-year increase in full-year net profit to Euro 11.8 million, well up from the comparative period’s Euro 4.7 million, following the partial liberalisation of the Italian internet gambling sector.
Revenues for 2009 were up an impressive 190 percent year-on-year to Euro 248.7 million (FY 2008: Euro 85.7 million.)
Microgame revealed that it has 60 operator licensees in Italy, and chief executive Fabrizio D’Aloia, said the company is now prepared for the launch of poker cash games and casino in the country, having modified its poker platform and signed a casino supply deal with Swedish software provider Net Entertainment.
“Cash game poker and casino games, also other new games such as virtual betting and betting exchange, will be introduced to the Italian market by the gaming authority. Microgame is ready to take these important opportunities since we have invested in the new games and entered several important partnerships, which will be announced in the near future,” said D’Aloia.
He added that the significant investment in Microgame made by private equity fund Monitor Clipper Partners’ late last year had allowed the company to embark on new and exciting developments. The network provider also inked a deal with Dutch television giant production Endemol for the production of television programming featuring live poker events organised by Microgame’s People’s Network.
Independent analysts say that over the last quarter Microgame accounted for nearly 30 percent of Italy’s onshore poker turnover.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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