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PaddyPower Poker Fun at Financial World

Thursday January 24,2013 : LATEST PADDY POWER AD TAKES A POKE AT THE FINANCIAL WORLD
 
Italian stunt underlines online gambling group's regional success
 
Workaholics at the Milan stock exchange still at their desks after closing hours Wednesday evening were more than a little surprised to find that their building had become a giant billboard for online gambling group Paddy Power's latest 'cheeky' publicity stunt.
 
The gambling company projected giant images that included a slot machine onto the building to publicise its increasingly successful penetration into the Italian online gambling market, according to a Reuters report.
 
The material had a sting in the tail for financial services execs, portraying the famous 'middle finger' sculpture by contemporary artist Maurizio Cattelan and a message reading: "Dealers, financiers, bankers... once in a while play with your own money".
 
Paddy Power is challenging major Italian companies like Lottomatica, Sisal, and Snai for top market share, with regional md Giovanna D'Esposito claiming: "We are very close to that target," at the presentation.
 
Reuters notes that Paddy Power's share of Italy's online sports betting market rose to 5.1 percent in December from 2.6 percent in September, according to regulator AAMS.
 
Lottomatica is the group to beat for the top spot; it leads with a 15.6 percent market share.
 
Paddy Power entered Italy's recently liberalised gaming industry last May and launched its online casino products in December. It plans to add skill games, poker and bingo in 2013, while boosting its highly successful mobile offerings.
 
D'Esposito revealed that there are plans to increase staffing in Italy by 30 percent to a total of 50 in 2013.

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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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