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Virgin Games Going To Italian Market
11/3/09 - The UK-based online gambling group Virgin Games is aiming for a 5 percent share of Italy's booming online poker market within a year of its start-up, reports the Reuters news agency, quoting the chief executive of Virgin Games, Simon Burridge, this week.
Virgin's online poker is operated in a revenue-sharing partnership with Italy's Cogetech SpA, and the British company sees the teamwork as boosting its chances of success and keeping down costs.
"We are 'white labelling' it on the back of Cogetech," Burridge revealed. "It is a lot less expensive. Cogetech does [player] registration and the banking. For Virgin it is just a marketing operation and that is what it does best," he said.
The Italian venture started in "soft launch" mode in September 2009 and has already signed up 8 000 Italian players, Burridge reported.
"After six weeks we are on target to take 5 percent of the market after 12 months," he claimed. "The market is Euros 200 million. So by December we are looking to be [on] Euros 10 million. We are looking to break-even in five or six months," he said.
Since its approval just over a year ago, Italian online poker bets have risen to Euros 221 million in September 2009, Italian regulator AAMS data showed.
Italy's Lottomatica SpA, Snai SpA and the unlisted Sisal are among the principal operators of online poker.
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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