Tag Archives: Italy

Eurobet expands content offering with Play’n Go games

Swedish slot supplier Play’n GO’s full suite of premium Mobile and desktop content has gone live with Eurobet Italy. The deal with Eurobet will broaden the Italian operator’s content offering to their players, with award-winning titles such as Gemix, Jewel Box, Lady of Fortune and Energoonz. The content roll out follows the Play’n GO’s completion of the Italian certification process …

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Lottomatica enters consortium for Italian Lottery bid

IGT Group Italian gambling subsidiary Lottomatica has confirmed that it has entered a four-party consortium aiming to bid for the Italian lottery tender. Lottomatica will lead the bid consortium made up of members Italian Gaming Holding ( a subsidiary of SAZKA Group), Arianna 2001 SPA (an entity affiliated with the Federation of Italian Tobacconists) and Novomatic Italia. Issuing a corporate statement …

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£4.8m point of consumption bill blunts 32Red’s record growth

Gaming operator 32Red has posted a record revenue performance for 2015 with a 52% increase in net gaming revenues for the year – however its figures have been blunted by a £4.8m point of consumption tax bill. The firm saw 35% increase in its core 32Red revenues to £41.7m, a 54% jump in its Italian business to £1.7m and a …

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Paddy Power revenues hit €1bn before Betfair merger

Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …

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Inspired welcomes change to virtual events limit in Italy

Virtual sports provider Inspired has welcomed changes to betting legislation in Italy, which will extend the current limit of 500 virtual events per day to 2,000 across land-based and digital channels. Opening times have also been lengthened by an additional 2 hours, enabling operators to keep players entertained for longer. The Inspired software has supported the development of a €1 billion …

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SKS365 Group selects Global Bet to provide its Virtual Sports products

European betting and gaming operator SKS365 Group has selected Global Bet to provide its Virtual Sports products to the portfolio of 1,000 planetwin365 betting shops throughout Italy. The expanding international bookmaker from Austria also plans to roll out the Virtual Sports games across its Italian website and mobile platforms later in the year. Daniel Grabher, CEO of Global Bet, stated: …

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Coral reveals Six Nations backing for Jones’ England

An eagerly awaited Six Nations kicks off tomorrow in Paris, as Europe’s finest look to move past collective Rugby World Cup disappointment. Despite becoming the first host nation to fail at the group stage, Coral have confirmed that many punters are backing England to come good under Eddie Jones and restore some pride in the Red Rose. John Hill, a …

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SNAI appoints Chiaffredo Rinaudo as CFO ahead of Cogemat merger

Italian gambling operator Gruppo SNAI has confirmed the appointment of Chiaffredo Rinaudo as new Chief Financial Officer (CFO). Rinaudo takes the executive role as SNAI looks to complete its merger with licensed Italian market gambling technology and content provider Cogemat (deal first announced May 2015). Rinaudo had previously served as CFO of Cogemat holding company Cogetech As CFO of the combined …

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Amaya Inc settles PokerStars Italian tax dispute

Toronto listed Amaya Inc has confirmed that it has paid €5.9 million (£4.3 million) as a final settlement to the Italian tax authorities. The settlement relates to subsidiary PokerStars ongoing tax dispute with Italian regulators, which had seen the firm investigated by the Guardia di Finanza (Italian Financial Police) in 2015. Italian gambling regulators had claimed that PokerStars had approximately …

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Italy reforms online betting duty to 22%

Italy’s ministry of finance and the national chamber of commerce have pushed through a series of amendments for the Italian gambling sector. The amendments set to be implemented in 2016, center on reforming gaming duties in order to improve industry commercial conditions. Italy will drop its controversial online betting turnover tax, set between 2-5% for and adopt a 22% charge …

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