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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Italian government publishes its ADM ‘fiscal decree’ controls
The Italian government has issued further insight on its new fiscal decree order, which will be enforced upon all licensed gambling incumbents. Sanctioned on 16 October, the fiscal decree has been attached to the 5Star-DP coalition government’s first Budget Law mandate. It aims to provide Italy’s Customs & Monopolies agency ADM with the strictest controls to monitor gambling operators and …
Read More »efbet continues expansion strategy through Italy licences
efbet has been given the green light to enter the sports betting and casino market in Italy by Agenzia delle Dogane e dei Monopoli (ADM) – the country’s gambling regulator. This is just the latest part of efbet’s expansion strategy, with Bulgaria’s largest sportsbook and casino operator having already obtained licences for Romania, Serbia and Spain. Having signed the official papers …
Read More »Italy’s new coalition hikes taxes again on machine revenues
No respite will be offered to Italian gambling incumbents, as the newly installed 5Star-DP coalition government confirms the fourth set of tax hikes on gaming machines sanctioned over the past year. Inbound with 5Star-DP’s first ‘Budget Law’ decree, Italian gambling faces an increase in video lottery terminals (VLT) turnover tax to 9% – formerly set at 7.9%. Meanwhile, arcade operators …
Read More »Apollo PE takes majority stake in Gamenet Italia
US private equity fund Apollo Global Management (Apollo) has this morning confirmed that it has acquired a 48.6% stake in Italian gambling group Gamenet SPA. Issuing a market filing, Apollo confirms that it aims to delist the company for its index on the Borsa Milan stock exchange. A former Italian gambling subsidiary of Greek gambling group Intralot SPA, in 2018 …
Read More »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 …
Read More »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 …
Read More »AgiproNews Italian View – Glassia probe widens
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Read More »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 …
Read More »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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