Italy

Magellan Robotech launches MBK division by debuting K1 terminals

Expanding its services and inventory, Magellan Robotech – the B2B technology division of Stanleybet Group – has announced the launch of its new ‘K1 – standalone betting terminal’, which will be serviced and operated by new division ‘Magellan Betting Kiosk’ (MBK).  Unveiled at SBC’s ‘Betting on Sports 2019’ conference, Magellan Robotech declares a major product initiative which sees Stanleybet’s division move beyond …

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Italy calls for toughest stance governing gambling transactions

Italian gambling incumbents are set to undertake further market adjustments, as the new 5Star-DP coalition government publishes the draft decree of its planned ‘Budget Law’. Following on from 2019’s gambling advertising ban established by the former Lega-5Star coalition government, in 2020 Italy will move to establish new payment processing laws and operator AML registry. New fiscal provisions introduced to the …

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AgiproNews Italian View – Glassia probe widens  

The ramifications of Italian police’s ‘Glassia’ anti-mafia investigation deepen as Dutch finance magnate Marcel Boekhoorn, founder of private equity fund Ramphastos Investments, is placed under investigation. Amsterdam-based Ramphastos sees itself implicated in Glassia, having acquired Austrian betting firm SKS365 Group the operating company of bookmaker Planetwin365, in 2016 for €160 million. Last week, the magistrate of Reggio Calabria confirmed that Boekhoorn …

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JBO scores Bologna FC sponsorship agreement

JBO has boosted its European presence after signing a new sponsorship agreement with Serie A club Bologna FC, which will see the operator named as the club’s regional betting partner for Asia.  The operator’s portfolio already includes already includes title sponsorship of the Dota 2 esports property, the JBO Asian Masters League, with this latest acquisition of Bologna allowing JBO to acquire a …

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SISAL gets AAMS confirmation of SuperEnalotto win

Italy’s AAMS – Customs & Monopolies Agency has confirmed that Gruppo SISAL will maintain the concession of the SuperEnalotto weekly numbers lottery. The decision was confirmed by AAMS Secretary Dr Benedetto Mineo, who submitted an update through the government’s Official European Gazette to confirm that SISAL will maintain its position for a further nine years. AAMS’ decision is undertaken following …

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10bet nets highest profile deal with Juventus FC

Online sportsbook 10bet has announced its biggest sponsorship agreement to date, after becoming the official ‘Gaming & Betting Partner’ of Juventus FC – Serie A’s most successful and popular football club. A revamped 10bet secures a three-season arrangement with Italian football’s ‘Old Lady’, detailing its Juventus sponsorship as a key directive in the bookmaker’s aggressive European growth strategy, boosting its brand …

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AgiproNews Italian View – Can DP make sense of Italian gambling

“Action against problem gambling will be reinforced” – proclaims the new program of the ‘centrist left’ coalition cabinet led by Prime Minister Giuseppe Conte, formed by the 5Star Movement and Italy’s Democratic Party (DP). Following intense debate and opposition by former coalition incumbent Lega, Italy avoids thus far a further constitutional crisis, as Rome’s lower house approves the formation of yet another …

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Italian Police charges SKS365 with €124 million Glassia payback

SKS365 Group, the operating company of Italian bookmaker PlanetWin365, has been charged by the Italian Financial Police of corporate tax evasion totalling €124 million. The tax evasion charge forms part of Italian Police’s wider ‘Glassia’ anti-Mafia investigation, undertaken during the course of 2018, which saw 60 people arrested and €1 billion seized in illegal funds. Conducting a probe of gambling …

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AgiproNews Italian View: Salvini betrayal serves up another guessing game

Another year, another Italian political crisis, as Matteo ‘il Capitano’ Salvini (Deputy PM) chooses to abandon the Lega-5Star coalition ship, leaving Italy on course to an unknown destination. At the time of writing, Italian Prime Minister Giuseppe Conte has declared his resignation, choosing to avoid a certain vote of no confidence served by Salvini and the far-right populist Lega party. …

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Flutter sees 24% drop in profits bitten by global regulatory demands

Flutter Entertainment Plc, the rebranded entity of Paddy Power Betfair, has seen its interim H1 2019 profits before tax drop by 24%, as FTSE100 betting group cites changes in regulations and taxation as the lead factor in its year-on-year performance decline. Operating its enlarged portfolio of Paddy Power, Betfair, FanDuel (US), Sportsbet (AUS) and the recently acquired Adjarabet (CIS), Flutter saw …

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