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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.
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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