Major industry supplier Sportradar has come out strongly against a report in the Italian media which links the firm to the long-running Galassia criminal investigation. The company has issued a statement strongly refuting the allegations made within the article published by Business Insider Italia and said it regards many of the allegations and statements made to be incorrect, untrue and …
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efbet has been given the green light to enter the sports betting and casino market in Italy by Amministrazione Autonoma dei Monopoli di Stato (AAMS) – the country’s gambling regulator. This is just the latest part of efbet’s expansion strategy, with Bulgaria’s largest sportsbook and casino operator having already obtained licences for Romania, Serbia and Spain. Having signed the official …
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No respite will be offered to Italian gambling incumbents, as the newly installed 5Star-DP coalition government confirms the fourth set of tax hikes on gaming machines sanctioned over the past year. Inbound with 5Star-DP’s first ‘Budget Law’ decree, Italian gambling faces an increase in video lottery terminals (VLT) turnover tax to 9% – formerly set at 7.9%. Meanwhile, arcade operators …
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US private equity fund Apollo Global Management (Apollo) has this morning confirmed that it has acquired a 48.6% stake in Italian gambling group Gamenet SPA. Issuing a market filing, Apollo confirms that it aims to delist the company for its index on the Borsa Milan stock exchange. A former Italian gambling subsidiary of Greek gambling group Intralot SPA, in 2018 …
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Expanding its services and inventory, Magellan Robotech – the B2B technology division of Stanleybet Group – has announced the launch of its new ‘K1 – standalone betting terminal’, which will be serviced and operated by new division ‘Magellan Betting Kiosk’ (MBK). Unveiled at SBC’s ‘Betting on Sports 2019’ conference, Magellan Robotech declares a major product initiative which sees Stanleybet’s division move beyond …
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Italian gambling incumbents are set to undertake further market adjustments, as the new 5Star-DP coalition government publishes the draft decree of its planned ‘Budget Law’. Following on from 2019’s gambling advertising ban established by the former Lega-5Star coalition government, in 2020 Italy will move to establish new payment processing laws and operator AML registry. New fiscal provisions introduced to the …
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The ramifications of Italian police’s ‘Glassia’ anti-mafia investigation deepen as Dutch finance magnate Marcel Boekhoorn, founder of private equity fund Ramphastos Investments, is placed under investigation. Amsterdam-based Ramphastos sees itself implicated in Glassia, having acquired Austrian betting firm SKS365 Group the operating company of bookmaker Planetwin365, in 2016 for €160 million. Last week, the magistrate of Reggio Calabria confirmed that Boekhoorn …
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Italy’s AAMS – Customs & Monopolies Agency has confirmed that Gruppo SISAL will maintain the concession of the SuperEnalotto weekly numbers lottery. The decision was confirmed by AAMS Secretary Dr Benedetto Mineo, who submitted an update through the government’s Official European Gazette to confirm that SISAL will maintain its position for a further nine years. AAMS’ decision is undertaken following …
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Online sportsbook 10bet has announced its biggest sponsorship agreement to date, after becoming the official ‘Gaming & Betting Partner’ of Juventus FC – Serie A’s most successful and popular football club. A revamped 10bet secures a three-season arrangement with Italian football’s ‘Old Lady’, detailing its Juventus sponsorship as a key directive in the bookmaker’s aggressive European growth strategy, boosting its brand …
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“Action against problem gambling will be reinforced” – proclaims the new program of the ‘centrist left’ coalition cabinet led by Prime Minister Giuseppe Conte, formed by the 5Star Movement and Italy’s Democratic Party (DP). Following intense debate and opposition by former coalition incumbent Lega, Italy avoids thus far a further constitutional crisis, as Rome’s lower house approves the formation of yet another …
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