Tag Archives: Italy

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. …

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 …

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 …

Catena Media has completed its strategic review executing a divestment of legacy media assets generating its business €76m in proceeds, to enable significant debt repayments  The announcement was declared separately to Catena Q3 trading update, which saw the Stockholm-listed media publisher reveal a 28% decline in Q3 revenues to €16m (Q32022: €22m). The continued revenue decline reflects the “transition of …

Lottomatica Group  asserts it is set to achieve all primary goals set for its re-listing on the Borsa Milan by May 2023. Publishing its year-to-date trading results for the initial nine months of 2023, Lottomatica reported gross gambling revenue (GGR) of €2.8bn, showing a 7% pro-forma growth across all fundamental business segments. The rise in the headline GGR mirrors a …

Sweeping changes loom on the horizon for Italy’s online gambling sector, as the Ministry of the Economy and Finance (MEF) is set to publish a preliminary decree of amendments and resolutions.  Of significance, the MEF’s decree will demand the government review Italy’s existing online gambling laws, marking the sector’s first regulatory evaluation since the authorisation of online gambling in 2011. …

The European Gaming & Betting Association (EGBA) is monitoring developments related to Italy’s online gambling marketplace being impacted by black market activities. Concerns follow a recent investigation by La Gazzetta dello Sport, which documented that the total Italian wagers placed on the black market (land-based and online) are estimated at €25bn per year. The report cited that of the estimated …

Entering new markets presents its own set of challenges, but navigating the ever-changing regulatory landscape within the global gambling space is something that Soft2Bet has become very adept at.  Having recently entered the Italian market, and with licences for Sweden, Greece and Romania acquired earlier this year, Soft2Bet’s General Counsel David Yatom Hay has had his work cut out for …

Playtech Plc has confirmed news reports that it has entered discussions to acquire SKSMalta, the operating firm of Italian bookmaker PlanetWin365. This afternoon, Sky News reported Playtech and FTSE counterpart Flutter Entertainment as suitors to acquire PlanetWin365 outright. Italy is recognised as a key growth marketplace for both companies that have established their presence in the country via M&A. In …

Soft2Bet is broadening its reach into the Italian market after acquiring a Maltese company that holds a licence in the European country.  Through the strategic venture, Soft2Bet will work with Agenzia delle Dogane e dei Monopoli, Italy’s online gambling regulatory body, to stay compliant with local regulations. The igaming provider also intends to certify its platform in the Italian market, …