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ITALIAN ONLINE POKER DELIVERS IMPRESSIVE GROWTH

Posted 1/19/11 : Regulator AAMS reports 28 percent growth last year
 
The perception of a booming internet gambling market in Italy was given a further boost this week with the release of official statistics by regulator AAMS showcasing growth in online poker of 28 percent in 2010.
 
Star of the show was tournament poker, which delivered 65 percent of all internet gambling turnover in Italy last year, with internet skill games increasing in popularity as well, growth rising to 34 percent and reaching Euro 3.15 billion (2009: Euro 2.35 billion).
Fixed odds sports betting also showed promising growth, up 11 percent to Euro 1.35 billion, whilst internet bingo, introduced to the Italian market in December 2009, generated Euro 146.14 million.
 
Operators are keenly anticipating more Italian action in 2011 with the expected introduction of poker cash games in February, and of online casino gaming mid-year.  Many analysts are predicting that the launch of these two new verticals will double revenues in an already very successful market by the end of 2012.
 
The launch of poker cash games in February 2011 and casino in June 2011 has been estimated by analysts to double turnover from the Italian market in 2012.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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