Tag Archives: Italy

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. …

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 …

Vermantia’s Commercial Director Amanda Coca sits with SBC News for the first time to discuss her return to the company after a spell away, the firm’s Italian market success story and more.  SBC News: You have recently rejoined Vermantia after a spell away from the company. What was it about the company that made you rejoin and can you tell …

The government of Italy has settled on the new framework of licences for online gambling concessions. A new structure for Italian online gambling concessions was published yesterday by Parliament’s Gazette as an amendment carried forward by the government’s ongoing ‘Reorganisation of Gambling‘ decree. Recognised as a principal objective of the planned overhaul of Italian gambling laws, the government seeks to …

Ahead of its inaugural edition, the Italian Gaming Expo (IGE) is already seeing an influx of interested parties looking to participate in the conference, some of which consist of Italian regulator Agenzia Dogane e Monopoli (ADM), together with representatives from government and industry shareholders.  With over 35 panels scheduled for the event taking place in Rome on 18 and 19 …