Tag Archives: Italy

Flutter Entertainment Plc has upgraded its full-year 2022 US revenue guidance to stand at $2.95bn-$3.2bn (£2.45bn–£2.65bn) as its FanDuel continues to outperform corporate expectations. Publishing its Q3 trading statement, Flutter achieved corporate revenues of £1.89bn up 31% on 2021 comparative results of £1.43bn – as the FTSE100 gambling group accounts for +9.5m active monthly players (AMPs) across its global brand …

IGT Plc is confident of delivering on its 2022 financial targets and operating objectives, despite a slowdown in the performance of its flagship Global Lottery unit.  Publishing its Q3 trading statement, the NYSE gambling technology group achieved consolidated revenues of $1.06bn, up 8% on 2021 comparative results of $984m. Headline growth was maintained by the group’s Global Gaming unit recording …

Altenar has announced the launch of its customised cash-out product for the Italian betting market.  The Malta-based sportsbook software solutions provider has built its Italian cash-out product in response to recent regulatory reforms imposed on the Italian sportsbook market. This October, Italy’s Parliament approved technical reforms long-sought by sports betting operators to improve the offering of the regulated market for …

Italy’s Ministry of Economy & Finance (MEF) has drafted a ‘Betting Decree’ to amend rules on fixed-odds betting markets for sporting events.  The amendments, published in last week’s Official Government Gazette (28 October), will impose new changes to improve the offering of licensed bookmakers (online + retail). Long-awaited changes will allow Italian bookmakers to offer customers cash-out functionalities across all …

AGCOM, Italy’s media and communications agency has warned foreign and domestic media owners and affiliate publishers that Dignity Decree rules on gambling advertising must be obeyed. The warning comes as AGCOM confirms that it has fined Google Ireland Ltd a record penalty of €750,000 for allowing its YouTube platform to promote gambling-related content on its video channels. YouTube was deemed …

Flutter Entertainment Plc has this morning announced that it has completed its acquisition of Italian gambling group Sisal SPA for €1.9 bn (£1.6/$2.2bn).  On 23 December 2021, Flutter declared to markets that it had secured definitive terms with US PE fund CVC Capital Partners to acquire all assets (lottery, online and retail) of the heritage Italian gambling group. The acquisition …

An enlarged Lottomatica Group, formed by the merger of Lottomatica Scommese and GoldBet Italia, has declared a stellar H1 trading period.  Having emerged as Italy’s largest betting group, Lottomatica reported a quadrupling of group revenues from 2021 results of €178m to €800m recorded during H1 2022. The 4X growth in headline revenues was attributed to the group’s enlarged retail portfolio …

Italian gambling’s regulatory affairs have been left in limbo following last week’s resignation of Prime Minister Mario Draghi, which signals the likely break-up of Italy’s coalition government.  Chaos followed Mario’s resignation, as President Sergio Mattarella called for Parliament to be dissolved and for a snap General Election to be brought forward to 25 September – a year ahead of schedule. …

Positive regulatory developments in Italy have seen bookmakers end their licensing limbo, as Parliament has allowed concessions to be extended for a further two years until 2024.  Italian ministers agreed to override gambling regulator ADM, the Customs and Monopolies Agency’s review of licence concessions that had been botched during 2021 – which saw the franchisees of Snaitech, Lottomatica, Sisal, SKS365 …

Italy’s ADM, the Agency of Customs and Monopolies, has notified licensed operators and retail merchants that it will apply new measures to control Punto Vendita Ricarica (PVR) – retail points of sale for gambling concessions.  The government agency charged with gambling regulation and oversight stated that it wanted to apply a better monitoring of PVRs offered by Internet cafes, bars, …