As Italy enters its fourth week of national lockdown, Italian gambling incumbents have been provided light relief by the government’s new economic measures. Prime Minister Giuseppe Conte has secured an initial €25 billion rescue package, aimed at primarily protecting company payrolls, mortgage repayments and commercial rents. Further measures see the government temporarily suspend tax duties for a number of ‘at-risk …
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IGT has concluded its four-month executive search after confirming the appointment of Massimiliano ‘Max’ Chiara as its new Group Chief Financial Officer (CFO), effective from 6 April 2020. Max Chiara will replace long-term CFO Alberto Fornaro, who ended his nine-year tenure leading IGT’s financial units last December, joining South Korean e-commerce retailer Coupang Group. Updating investors, IGT has stated that …
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Complying with the Italian government’s ‘Public Health Decree’ sanctioned on Sunday 8 March, Italian gambling has officially gone into lockdown. The country at the centre of Europe’s COVID-19 pandemic has seen all retailers ordered to temporarily shut apart from food stores and pharmacies, as PM Giuseppe Conte enforces the toughest public stance minimising the spread of the virus and its …
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Issuing a corporate filing, Nasdaq-listed US Italian betting group Newgioco has confirmed that it has temporarily closed 150 of its betting shops located throughout Italy. Newgioco stated that the shop closures were undertaken complying with the Italian government’s ‘public health decree’ sanctioned on 8 March, as the nation’s health and emergency networks combat the COVID-19 virus epidemic. A week of Italian COVID-19 …
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Issuing a corporate filing, the governance of FTSE250 Playtech Plc has updated investors on its Italian market contingencies countering the COVID-19 virus outbreak. Stating that ‘Italy faces its darkest hours’, on Sunday night (8 March) Prime Minister Giuseppe Conte signed a decree that enforced severe restrictions on the movement of 16 million people within the regions of Lombardy and 15 …
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SKS365 Group, the operating company of Italian bookmaker PlanetWin365, has strengthened its senior leadership with the appointment of Massimiliano Mura as new Group Director of Legal and Compliance divisions. Prior to joining SKS365, Mura has amassed 13 years of experience in the legal sector, specialising in Italian gambling laws and compliance having served as corporate advisor to SKS365 competitor StanleyBet …
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London-based video virtual sports specialist Highlight Games has agreed to supply its virtual sports products to Microgame S.p.A after securing a new partnership with the Italian platform provider. The agreement will see Highlight Games offer its Soccerbet product featuring Italian and English games in league and single match formats, as well as the NBA Last 60 across Microgame’s retail, online …
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European betting group StanleyBet has lost its European Court of Justice (ECJ) appeal, contesting an Italian tax dispute related to wagers processed through its data centres. During the four-year long tax dispute, StanleyBet had brought an appeal to ECJ judges, challenging Italy’s Customs & Monopiles Agency (ADM) €8 million tax demand. Italy’s ADM had demanded that StanleyBet pay €8 million …
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Fresh from listing its business as a US Nasdaq enterprise, the governance of betting systems supplier Newgioco Group confirms that it has established ‘Newgioco Colombia SAS’ as a new subsidiary servicing LatAm market opportunities. Based out of Bogota, Newgioco Colombia will lead new distribution agreements within South American markets, supporting Newgioco Group’s newly established global growth strategy. In its update, …
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Italian betting leaders attending the ICE2020 London conference detailed their frustrations as Italy’s new coalition government continues to enforce a blanket ban on gambling advertising sanctioned by the former administration’s Dignity Decree mandate. Prior to the conference, online gambling trade body LOGiCO bluntly stated that the Decree had failed in its core objectives of reducing Italian gambling spend and safeguarding …
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