Italy

The European Gaming and Betting Association (EGBA) has expressed its concerns over the proposed new Italian decree on online gambling. Currently under discussion in the Council of Ministers, the decree would introduce a significant reorganisation of the sector, particularly regarding the cost of licence fees.  Furthermore, the possible introduction of (quasi) prohibitive licensing regimes and fees also raises concerns on …

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. …

AGCOM, the Media and Communications Authority of Italy, has imposed fines of €2.25mand €900,000 on Google and Twitch, respectively, for violating the advertising laws of the Dignity Decree. The penalties were announced on 12 December and levied against the US tech giant’s European subsidiaries: Google Ireland Ltd and Twitch Interactive Germany. In its filing, AGCOM disclosed that it had initiated …

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 …

Oddschecker Global Media has disclosed that it has acquired the Italian sports media property, SuperScommesse, from Catena Media. This morning, publishing its Q3 trading update, Catena Media informed that it had sold all of its Italian media properties to two undisclosed buyers for €19.8m. Oddschecker, known as the UK and Australia’s largest sports betting publisher, would later announce that it …

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 …

StarCasinò Sport has been revealed as the new kit sponsor of SS Juve Stabia for the 2023/24 season.  The deal sees Betsson Group-owned sports entertainment site further strengthen its presence in southern Italy, after previously becoming a partner of SSC Napoli in Serie A, Palermo FC in Serie B and ACR Messina in Serie C. Stefano Tino, Managing Director of …

Flutter Entertainment Plc has adjusted its 2023 full-year EBITDA guidance due to customer-friendly sports in Europe and Australia. Yet the FTSE100 gambling group maintains its core target of securing ‘structural profits’ for its US FanDuel property. Q3 saw revenue rise across the FTSE100 group’s three core segments of the UK and Ireland, the US and International, with company wide income …

Payments provider OKTO has extended its reach in the Italian igaming sector via a newly signed partnership with Macao Win. The agreement will roll out the company’s cash-to-digital payment solution, OKTO.PVR, in Italy for the first time, building on previous moves the firm has made in the market. In the context of changing regulations in Italy, OKTO is confident that …