Italy

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

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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AgiproNews Italian View – New decade brings new tax landscape

Securing approval of its first Budget Law (passed on 24 December 2019), Italy’s new coalition government anticipates collecting a further €1.1 billion in taxes paid by gambling incumbents. A new decade begins with land-based operators adjusting to a new taxation framework, with the 5Star-DP coalition having sanctioned Italian gambling fourth set of gaming machine tax hikes in just over a …

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Executive hires further strengthen SKS365’s operations

Wilken - Copyright: stocking / 123RF Stock Photo

SKS365, the international sports betting and gaming operator based in Italy which boasts €1.2bn in turnover through the brand Planetwin365 and almost 1000 shops, has continued its journey of strengthening its regulatory and market operations by announcing the appointment of two new executive hires.  Alexander Martin will now be taking on the role of Chief Executive Officer, while Andrew Mclver …

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GVC opens new Rome office unifying Italian operations

FTSE gambling group GVC Holdings has confirmed that it has migrated all Italian divisions to a new Rome office, which will house around 360 staff of its Eurobet, bwin and Gioco Digitale Italia properties. Located in the Lungotevere district near Rome’s city centre, GVC completed its Italian HQ relocation last week, opening a new six-floor (approx. 4,200 sqm) office which will …

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IGT seeks new financial lead as Alberto Fornaro ends CFO tenure

New York-listed gambling technology group International Game Technology Plc (IGT) has confirmed that senior executive Alberto Fornaro has chosen to end his tenure as Chief Financial Officer (CFO). Fornaro will leave the management team on 31 January 2020 to ensure a smooth corporate transition. IGT’s board of directors has unanimously approved the appointment of Timothy Rishton, current Senior VP and Chief …

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MGA seeks to strengthen cooperations as Malta Politics is rocked by further corruption claims

Michele Magro, General Counsel of the Malta Gaming Authority (MGA), has confirmed that the regulator will work with Italy’s ADM Customs Agency and further authorities to ‘eliminate criminal infiltrations in online gambling’. Magro confirmed to Italian betting news source AgiproNews that MGA officials had met with Italian counterparts in Rome to discuss regulatory cooperation and further information sharing to strengthen …

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Sports VCs back Mercurius Milan as betting’s hottest prospect

Milan-based start-up Mercurius, sports betting data science enterprise confirms that it has raised €500,000 completing its second round of venture capital funding. Mercurius is founded by the engineering trio of Fabrizio Machella (CEO), Lorenzo Malanga (Data Science Chief) and Mario Ciardulli (CMO) seeking to develop new algorithms and components treating sports betting as a ‘new alternative asset class’ open to …

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Italy seeks to shrink its online gambling field by 2023

Tightening control of Italy’s online gambling marketplace, the 5Star-DP coalition government seeks to reduce the number of incumbents participating in the market by 2023. Attached to 5Star-DP’s first Budget Law decree, the coalition government seeks to reduce the total number of Italian online gambling licences to 50, from its current 85 concessions. The proposed revision has been communicated by Italy’s …

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Sportradar hits back at Italian media report

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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