Italy

Playtech Plc has guaranteed investors that it will achieve its full-year 2024 commercial objectives due to positive H1 results and business outcomes. H1 trading saw the LSE gambling group achieve corporate revenues of £906m, up 5% from the 2023 comparatives of £859m, as the period trading reflected ‘the strong execution of its B2B business’. Headline growth saw Playtech report an …

Flutter Entertainment has reached definitive terms with Playtech Plc to acquire Snaitech SPA for €2.3bn, aiming to take the “gold medal podium position” in Italian gambling. This morning, the boards of Flutter and Playtech notified markets that an all-cash offer of €2.3bn had been accepted for Snaitech, the Italian market’s third-largest online gambling operator, with a market share of 9.9%. …

Playtech Plc has confirmed that it is in discussions with Flutter Entertainment Plc regarding the ‘potential sale’ of its Snaitech Italia business. The FTSE250 technology group issued a short statement in response to media speculation on the potential sale of its Italian business to the NYSE-listed gambling group Flutter. The statement confirmed that discussions are ongoing “regarding the potential sale …

The launch of Italy’s new framework for online gambling concessions has entered its final legislative procedure under the supervision of the European Commission (EC). Recent proceedings saw the EC launch an open consultation on the technical rules of Italy’s new gambling licensing regime. As a member of the European Union (EU), Italy must notify the EC of any legislative projects …

Stake.com has confirmed its acquisition of Baldo Line SRL, the operating company of Italian sportsbook Idealbet.it. Announced this morning, Stake.com will expand its European profile by acquiring the Italian ADM license of Baldo Line. A property of the Octavian Group, Baldo Line has operated the Idealbet.it sportsbook brand since 2012, abiding by the laws and market safeguards of the ADM, …

Lottomatica SPA has elevated its full-year 2024 corporate guidance to an EBITDA range of €700m to €730m following ‘all-time-high’ results achieved during H1 trading. The Borsa Milan gambling group backs its growth momentum, which will be accelerated by the integration of SKS365 betting assets, to become Italy’s outright market leader in gambling. H1 accounts saw Lottomatica generate group wagers of …

Italy sees progress on the ‘reorganisation of gambling’, as ADM, the Customs and Monopolies Agency, enters the final legislative procedures to launch a new framework for online gambling concessions. On Friday, ADM filed the documentation of its new framework for online gambling concessions with the Treasury, which, alongside the Council of State, will provide a ‘binding opinion’ on ADM’s proposals. …

Betsson has revealed that its Betsson Sport infotainment logo will be featured on Inter’s football jerseys for the next four seasons.  The partnership is the largest shirt deal for both Betsson and the Serie A football giants, both having recently celebrated major milestones in their respective histories – with Betsson marking 60 years in business and Inter having secured their …

ADM, Italy’s Custom and Monopolies Agency has confirmed that from 1 June, new rules will be applied on bookmakers’ bonus management and palpable errors. The update sees the Agency settle rules on two long-standing areas of dispute between Italian bookmakers and their customers that have existed since the market’s regulated launch in 2006. Rules will be upheld via a specific …

Gruppo Lottomatica had praised the standout performance of its Italian online gambling subsidiaries, ahead of its corporate expansion integrating the assets of SKS365. Publishing its Q1 trading results, the Borsa Milan gambling group generated a record betting volume of €8.7 billion, primarily attributed to a 36% increase in online wagers to €5 billion. Q1 Gross Gaming Revenues (GGR), calculated by …