Mobile games developer CT Gaming has expanded its Italian market presence after announcing a strategic agreement with industry news and information resource The Betting Coach (thebettingcoach.com). The agreement will see the Betting Coach provide special in-depth content on CT Gaming’s full suite of mobile HTML-5 games for the Italian market. CT Gaming confirms the partnership as it obtains its Italian …
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Five live games from TVBET have achieved Gaming Labs International (GLI) certification for the Italian and Maltese markets. The global live TV games supplier confirmed that igaming operators in Italy can now legally integrate the following set of games – 1Bet, 5Bet, 7Bet, WheelBet and Lucky6. However, in Malta the certificate only allows you to work in combination with an …
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The Italian government has signalled no reprieve for embattled bookmakers, as it indicates that betting shops which have failed to pay their tax duties will be closed within the coming months. Last week, Marcello Minenna, the newly appointed Director-General of Italy’s ADM (customs and monopolies agency) begun discussions with Italy’s Guardia di Finanza (GDF – financial police unit) ‘establishing a …
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Marcello Minenna, the new Director-General of Italy’s Custom and Monopolies Agency (ADM), has issued his first public statement to licensed gambling incumbents. Appointed during national lockdown, Minenna takes charge of the agency governing Italian gambling. In his address, Minenna announced that the ADM would imminently move to form a new taskforce with the Carabinieri (federal police) targeting illegal gambling businesses. …
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Spanish gambling group Codere SA has launched ‘CODWIN’, its new Italian market AWP games (fruit machines) distribution unit, formed by the merger of its shareholdings in subsidiaries Gap Games Italia and FG Slot. Italian industry news sources report that the launch of CODWIN, had been formally approved by Gap Games and FG Slot investors at an April shareholder meeting, allowing …
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IGT Plc has declared a tough opening to 2020 trading, reporting that COVID-19 restrictions have impacted ‘all business segments operating all primary revenue streams’. Dire Q1 2020 metrics saw the firm record an 18% decline in group revenues to $940 million (Q12019: $1.14bn) As a consequence of Mid-march lockdown orders the New York-listed technology group abruptly lost its revenue streams …
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Italian business waits for parliament to publish its ‘Revival Decree’ outlining the terms and conditions attached to sector-specific rescue packages sanctioned by the government. Having handled the epicentre of Europe’s coronavirus outbreak, Italy enters ‘phase two’ of its lockdown procedure allowing bars, restaurants and further commercial properties to reopen obeying social distancing orders. Meanwhile, in Rome, the Chamber of Deputies …
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Italian betting leadership has issued a response to parliamentary discussions on introducing a new 0.75% tax on betting and virtual sports wagers aimed at raising funds for ‘distressed Italian sports’. Italian Parliament continues to discuss the terms forming its ‘Revival Decree’ – a critical mandate which seeks to support the recovery of business and society from the long-term effects of COVID-19. …
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Industry Q1 2020 figures published by Italy’s customs and monopolies agency (ADM) have depicted the grim reality of COVID-19 damages on Italian betting incumbents. Recording just 10 days of wagering activity during March, Italian betting recorded a near collapse across its retail and betting channels. ADM figures reveal that March online betting revenues (GGR) decreased to circa €49 million, representing …
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Newgioco Group Chairman and CEO Michele (Mike) Ciavarella has led an eight-year project to launch the Italian legacy outfit in the US, seeking to be the best-prepared technology incumbent tackling the world’s biggest and most diverse sports market. Speaking to SBC, Ciavarella details that technology stakeholders will face a rude awakening if they simply ‘copy-paste’ European strategies to US market …
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