Italy

Snaitech to upgrade digital platform to match new Italian demands

SBC News Snaitech to upgrade digital platform to match new Italian demands

Snaitech, is set to introduce exciting new changes to their platform during the course of 2023, as disclosed to SBC by Alessandro Graziosi, Digital Director of Snaitech, who shared first-hand details on the upcoming innovations that the Italian giant is working on. Graziosi has led plans to revamp their website using a “data lake” approach and artificial intelligence to create …

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StanleyBet rebrands to celebrate 65 years of European heritage 

SBC News StanleyBet rebrands to celebrate 65 years of European heritage 

StanleyBet Group has celebrated 65-years since establishing its business by restyling its heritage brand, to be used across all active divisions and markets.  The firm, which started as a sole bookmaker in 1958, has undertaken a modification of its brand with the inclusion of new colours to honour historical events. StanleyBet’s operational history has seen the firm manage Europe’s largest …

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Lottomatica returns to profit ahead of Milan IPO

SBC News Lottomatica returns to profit ahead of Milan IPO

Lottomatica SPA reports on a transformative 2022, as the Apollo Global-owned Italian gambling group eyes a first-half listing on the Milan Borsa.  An enlarged Lottomatica sees its full-year 2022 revenues stand at €1.39bn, up 72% on FY2021 comparative results of €808m. 2022 saw Lottomatica, the former Italian B2C subsidiary of IGT Plc complete its merger with Gamenet Group to become …

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Flutter projects 2023 momentum after reaching ‘earnings transformation point’

Flutter projects 2023 momentum after reaching ‘earnings transformation point’

Flutter Entertainment has confirmed the financial results outlined in its preliminary report earlier this month, following this up with the setting of new targets for the year ahead. The international operator published its 2022 annual report this morning, confirming group-wide revenue growth of 27% to £7.7bn (2021: £6bn), EBITDA up 4% to £1.04bn (£1bn) with a margin of 14% (16.6% …

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Apollo seeks April listing for Lottomatica

SBC News Apollo seeks April listing for Lottomatica

Lottomatica movements are being monitored closely as speculation mounts that the heritage Italian gambling group will order an IPO listing on the Borsa Milan Exchange.  Citing ‘sources close to Lottomatica’, Reuters International has reported that controlling shareholder Apollo Global seeks an April listing for its Italian asset. A trading update published in January confirmed Milan IPO rumours, as Lottomatica’s board …

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Italy’s Treasury calls for urgent reorganisation of gambling sector laws

SBC News Italy's Treasury calls for urgent reorganisation of gambling sector laws

The settlement of Italy’s new government under Prime Minister Giorgia Meloni has signalled positive changes for Italian gambling and its need to fix long-standing issues. Six months into Meloni’s premiership, leading the ‘National Conservative’ coalition government, Italy’s gambling sector has been told to prepare for an “industry reorganisation in the coming months”. Positive developments have seen the government assign Treasury …

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SIS adds Italian racing to ‘wide ranging’ international bet offering

SBC News SIS adds Italian racing to ‘wide ranging’ international bet offering

SIS (Sports Information Services) is introducing flat race meetings from Italy as it grows its international content offering. The live betting services supplier is gaining 1,435 races annually – with horse racing action taking place three times a week – which has been labelled a ‘key addition’ to SIS’ output.  This aims to increase betting opportunities for operators, with the …

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Sisal strengthens North African hold with Moroccan sports betting licence

Sisal Morocco

Flutter Entertainment’s Sisal Italia subsidiary has secured its latest international licence, having been awarded an exclusive eight-year sports betting licence in Morocco. The operator emerged as the victor in the tender process for Moroccan sportsbook operations from the La Marocaine des Jeux et des Sports (MDJS), whilst the licence has the added possibility of a two-year extension. Sisal will be …

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Lottomatica confirms IPO vision hitting 2022 targets  

SBC News Lottomatica confirms IPO vision hitting 2022 targets  

The board of Lottomatica SPA has confirmed speculation that “it is reviewing all strategic options” with controlling shareholder Apollo Global.  The announcement was attached to Lottomatica’s Q4 and FY2022 consolidated results trading update, which underlined the firm’s improved Italian B2C performance following its divestment from IGT Plc in 2021. Strong close-of-year trading saw Lottomatica achieve Q4 group wagering of €6.7bn, …

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XB Net and MST eyeing up Italian market in partnership expansion

XB Net and MST eyeing up Italian market in partnership expansion

MST (Media System Technologies) and XB Net have enhanced the scope of their Italy-facing partnership, expanding the former’s market reach. Specifics of the deal will see the duo work to develop a responsible horse racing business across online, mobile and retail betting verticals via 24/7 turnkey service. This suite of North American programming will be distributed to the company’s partners …

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