Tag Archives: Italy

X takes the axe from Italy’s media regulator over gambling promotion

SBC News X takes the axe from Italy’s media regulator over gambling promotion

AGCOM, the Media and Communications Authority of Italy, has summoned a €1.35m fine on X (formerly Twitter) for continuing to promote gambling advertisements and content to Italian audiences. According to the ruling, AGCOM has found nine separate instances of illegal advertisements that have come from different user accounts, all of them verified by the blue checkmark of the X platform.  …

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Betsson launches in Italy as new challenger

Betsson

Betsson has announced that it has officially launched in Italy with its sports betting offering. Described as a ‘strategic move’, the Swedish operator looks to further demonstrate its expansion into new markets which has accelerated across multiple different regions.  Ronni Hartvig, Chief Commercial Officer of Betsson Group, described how the country has grown significantly in importance for the Betsson AB-owned …

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Lottomatica lauds Italy online market share gains ahead of SKS enlargement 

SBC News Lottomatica lauds Italy online market share gains ahead of SKS enlargement 

Lottomatica Group SPA states that it has achieved all corporate objectives of a transformative 2023, as its business prepares to become Italian gambling’s outright market leader by acquiring SKS365 Group.  Publishing its full-2023 accounts this morning, Lottomatica announced corporate revenues of €1.63bn, up 12% on FY2022 results of €1.49bn. Growth in headline revenues reflects Lottomatica generating consolidated bets (volume) of …

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Italy’s Provinces seek compensation on duties of the Reorganisation Decree

Italy

The Presidents and Councillors of Italy’s 20 autonomous regions and 100 municipalities have been advised to support the government’s plans to reorganise gambling. The plea was cited by the Conferenza Unificata (CU), the body charged with fostering cooperation between the Italian state and the governments of autonomous regions and municipalities. The CU has reviewed the government’s reorganisation decrees for land-based …

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Italian Gambling stands against MEF orders ahead of 2024 transformation

SBC News Italian Gambling stands against MEF orders ahead of 2024 transformation

Italy’s government has been warned not to proceed with the ‘reorganisation decree of online gambling’ as proposed by the Ministry of the Economy and Finance (MEF). The demand was made by the Italian online gambling trade association Logico, hosting a press conference last week, expressing ‘unified concerns’ about key proposals endorsed by MEF to overhaul Italy’s stagnant online gambling laws. …

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Lottomatica plans €500m notes sale to fund SKS365 takeover 

SKS365 ‘In The Game’ in Italy as Planetwin365 Rome flagship store launched

Lottomatica Group has informed investors that it plans to issue €500m in debt notes to fund its agreed acquisition of SKS365 Malta Holdings for €640m. Struck on 2 November, the deal sees Lottomatica become Italian gambling’s largest omnichannel group, in which the company will absorb the 1000+ betting points of PlanetWin365 and 120 arcade venues of PlanetPay365—the flagship brands of …

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Catena says ciao to Italy following €19m media divestment

Catena Media

Catena Media has shed further insight into the full sale of its sports betting and casino media assets for Italy. The transaction was announced this morning, separate from its Q3 trading update, in which Catena detailed continued revenue declines as it transitions its North American network from cost-per-acquisition (CPA) contracts to a revenue share model. A deal to sell its …

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Catena Q3 declines bear deep cuts of North American transformation 

SBC News Catena Q3 declines bear deep cuts of North American transformation 

Catena Media has completed its strategic review executing a divestment of legacy media assets generating its business €76m in proceeds, to enable significant debt repayments  The announcement was declared separately to Catena Q3 trading update, which saw the Stockholm-listed media publisher reveal a 28% decline in Q3 revenues to €16m (Q32022: €22m). The continued revenue decline reflects the “transition of …

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