Italy

Newgioco limits Italian retail presence amid COVID-19 chaos

SBC News Newgioco limits Italian retail presence amid COVID-19 chaos

Issuing a corporate filing, Nasdaq-listed US Italian betting group Newgioco has confirmed that it has temporarily closed 150 of its betting shops located throughout Italy. Newgioco stated that the shop closures were undertaken complying with the Italian government’s ‘public health decree’ sanctioned on 8 March, as the nation’s health and emergency networks combat the COVID-19 virus epidemic. A week of Italian COVID-19 …

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Playtech shuts down Snaitech’s retail profile respecting Italian COVID-19 decree

SBC News Playtech shuts down Snaitech's retail profile respecting Italian COVID-19 decree

Issuing a corporate filing, the governance of FTSE250 Playtech Plc has updated investors on its Italian market contingencies countering the COVID-19 virus outbreak. Stating that ‘Italy faces its darkest hours’, on Sunday night (8 March) Prime Minister Giuseppe Conte signed a decree that enforced severe restrictions on the movement of 16 million people within the regions of Lombardy and 15 …

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SKS365 names Massimiliano Mura as new legal and compliance lead

SBC News SKS365 names Massimiliano Mura as new legal and compliance lead

SKS365 Group, the operating company of Italian bookmaker PlanetWin365, has strengthened its senior leadership with the appointment of Massimiliano Mura as new Group Director of Legal and Compliance divisions. Prior to joining SKS365, Mura has amassed 13 years of experience in the legal sector, specialising in Italian gambling laws and compliance having served as corporate advisor to SKS365 competitor StanleyBet …

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Highlight Games inks new partnership with Microgame S.p.A

SBC News Highlight Games inks new partnership with Microgame S.p.A

London-based video virtual sports specialist Highlight Games has agreed to supply its virtual sports products to Microgame S.p.A after securing a new partnership with the Italian platform provider.  The agreement will see Highlight Games offer its Soccerbet product featuring Italian and English games in league and single match formats, as well as the NBA Last 60 across Microgame’s retail, online …

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ECJ rejects Stanleybet Italian €8m tax appeal

SBC News ECJ rejects Stanleybet Italian €8m tax appeal

European betting group StanleyBet has lost its European Court of Justice (ECJ) appeal, contesting an Italian tax dispute related to wagers processed through its data centres. During the four-year long tax dispute, StanleyBet had brought an appeal to ECJ judges, challenging Italy’s Customs & Monopiles Agency (ADM) €8 million tax demand. Italy’s ADM had demanded that StanleyBet pay €8 million …

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New look Newgioco establishes LatAm subsidiary

SBC News New look Newgioco establishes LatAm subsidiary

Fresh from listing its business as a US Nasdaq enterprise, the governance of betting systems supplier Newgioco Group confirms that it has established ‘Newgioco Colombia SAS’ as a new subsidiary servicing LatAm market opportunities. Based out of Bogota, Newgioco Colombia will lead new distribution agreements within South American markets, supporting Newgioco Group’s newly established global growth strategy. In its update, …

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AgiproNews Italian View – Dignity Decree’s blanket ban shows no effectiveness

SBC News AgiproNews Italian View – Dignity Decree's blanket ban shows no effectiveness

Italian betting leaders attending the ICE2020 London conference detailed their frustrations as Italy’s new coalition government continues to enforce a blanket ban on gambling advertising sanctioned by the former administration’s Dignity Decree mandate. Prior to the conference, online gambling trade body LOGiCO bluntly stated that the Decree had failed in its core objectives of reducing Italian gambling spend and safeguarding …

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Fabio Schiavolin – Snaitech: Gambling needs deeper skillset to navigate new decade of complexities

SBC News Fabio Schiavolin - Snaitech: Gambling needs deeper skillset to navigate new decade of complexities

Speaking to SBC, Fabio Schiavolin, Chief Executive of Snaitech, has emphasised that entering a new decade, European sector incumbents will have to develop deeper skillsets as the ‘industry’s credibility remains in play’. Accustomed to leading Snaitech through Italy’s many political disruptions, last year at ICE 2019 Schiavolin warned European leadership counterparts that betting had to find its ‘public rationale’ in order to …

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SNAI Italia bolsters in-play muscle with Betgenius

SBC News SNAI Italia bolsters in-play muscle with Betgenius

SNAI, the flagship Italian sports betting property of Playtech Plc, has confirmed that it has renewed its partnership with Betgenius, expanding its services for content, odds and in-play wagering provisions. The partnership will see SNAI expand its in-play markets capacity integrating Betgenius’ live feed, securing improved odds and data coverage for hundreds of thousands of fixtures including all English Premier League …

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Nasdaq float sees Newgioco begin its new US-Italian identity

SBC News Nasdaq float sees Newgioco begin its new US-Italian identity

Ringing the opening bell of New York’s Nasdaq Exchange on Tuesday 14 January, Newgioco Group Chairman and CEO Michele Ciavarella stated that the sports betting group had begun its new life as a fully established Italian-American enterprise. The New York listing sees Ciavarella complete a two-year project transforming Newgioco’s business lines and restructuring the firm’s executive team, targeting rapid growth as …

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