Agipro News

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 …

Read More »

Lottomatica deepens home advantage acquiring SKS365 for €640m 

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

Lottomatica SPA has informed the Borsa Milan that it has settled on terms to acquire SKS365 Malta, the operating company behind the PlanetWin365 (sportsbook) and PlanetPay365 (arcade) brands, for an enterprise value of €639m. The acquisition, confirmed today, means that Lottomatica SPA is set to become the outright largest omnichannel gambling group in the Italian market.  Lottomatica’s deal entails taking …

Read More »

Lottomatica lauds 30% online revenue jump in Borsa return

SBC News Lottomatica lauds 30% online revenue jump in Borsa return

Lottomatica Group  asserts it is set to achieve all primary goals set for its re-listing on the Borsa Milan by May 2023. Publishing its year-to-date trading results for the initial nine months of 2023, Lottomatica reported gross gambling revenue (GGR) of €2.8bn, showing a 7% pro-forma growth across all fundamental business segments. The rise in the headline GGR mirrors a …

Read More »

MEF calls on overhaul of Italy’s stagnant online gambling laws 

Italy

Sweeping changes loom on the horizon for Italy’s online gambling sector, as the Ministry of the Economy and Finance (MEF) is set to publish a preliminary decree of amendments and resolutions.  Of significance, the MEF’s decree will demand the government review Italy’s existing online gambling laws, marking the sector’s first regulatory evaluation since the authorisation of online gambling in 2011. …

Read More »

EGBA: Italy’s €1bn black market loss should end Dignity Decree ad-ban 

Maarten Haijer, Secretary General of EGBA

The European Gaming & Betting Association (EGBA) is monitoring developments related to Italy’s online gambling marketplace being impacted by black market activities. Concerns follow a recent investigation by La Gazzetta dello Sport, which documented that the total Italian wagers placed on the black market (land-based and online) are estimated at €25bn per year. The report cited that of the estimated …

Read More »

Playtech confirms PlanetWin365 as M&A target 

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

Playtech Plc has confirmed news reports that it has entered discussions to acquire SKSMalta, the operating firm of Italian bookmaker PlanetWin365. This afternoon, Sky News reported Playtech and FTSE counterpart Flutter Entertainment as suitors to acquire PlanetWin365 outright. Italy is recognised as a key growth marketplace for both companies that have established their presence in the country via M&A. In …

Read More »

Betsson’s StarCasino Sport extends Serie B deal in latest Italy push

Betsson’s StarCasino Sport extends Serie B deal in latest Italy push

Betsson Group’s StarCasino Sport entertainment brand has strengthened its links to Italian football by securing an extension to its partnership with Lega Serie B (LNPB). StarCasino Sport’s collaboration with Italian football’s second division will continue for the remainder of the 2023/24 season, building on pre-existing partnership inked for the 2022/23 campaign. The partnership secures the international betting and gaming group …

Read More »

ADM to fix Italian conflicts on Palpable Errors and Bonus Management

SBC News ADM to fix Italian conflicts on Palpable Errors and Bonus Management

ADM, Italy’s Customs and Monopolies Agency, has announced that it has begun work on ‘two new decrees’ to settle long running sports betting related disputes.    The agency which oversees the licensing and governance of the Italian gambling sector announced that it will update industry rules on ‘Palpable Errors’ and ‘Bonus Management’ – two areas that have conflicted Italy’s online bookmakers …

Read More »

Google escapes €750K Dignity Decree penalty

SBC News Google escapes €750K Dignity Decree penalty

AGCOM, the Communications Authority of Italy, has been ordered to drop its €750,000 fine against Google’s Italian business.  The decision follows a judgment made by the Administrative Court of Lazio (Rome), which cited that Google had not violated the rules of the Dignity Decree of 2018. Google had issued an appeal to the Lazio Court contesting fines totalling €750,000 imposed …

Read More »

Allwyn ready for UK landing backed by solid Q2 trading

SBC News Allwyn ready for UK landing backed by solid Q2 trading

Allwyn International cites confidence in achieving its full-year 2023 corporate objectives as group subsidiaries (legacy and acquired) maintain ‘organic growth’.  Publishing its Q2 ‘preliminary results’, an enlarged Allwyn sees its lottery portfolio generate consolidated revenues of €2bn for the first time and adjusted EBITDA of €381m (+35%). Headline growth reflects a 115% year-on-year increase, primarily driven by the recent acquisition …

Read More »