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Politicians stall poker liquidity sharing in Italy

George Miller

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Politicians stall poker liquidity sharing in Italy
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Whilst sports betting thrives in Italy, shared online poker liquidity is set to be delayed due to unfounded money laundering rumors.

 

The shared online poker liquidity agreement between France, Portugal, Spain and Italy could’ve hit a slump due to some politicians’ unfounded concern on international money laundering. Liquidity sharing could be delayed in Italy for at least a year, news outlet Agipro reported, since there have been significant opposition to the current terms.

According to local media, several local operators have voiced their concerns about potential benefits that their international counterparts, operating in every market, could eventually get. For instance, PokerStars got 43 percent of the January-November poker stake (US$75 million) while Italian companies only got 7,6 percent (Lottomatica) and 7,5 percent (SKS365).

Meanwhile, the Italian sports betting market recorded a total revenue (both retail and online) of US$172.99 million during November, reaching a 78,2 percent increase in comparison from the same month in 2016. The online segment contributed with US$71.7 million (89 percent over 2016’s figures) and a US$594.7 million turnover.

Bet365 led the way and recorded 28.6 percent of the total online turnover and 16.8 percent of revenue. Planetwind365, owned by SKS365, came way behind and reached just 9.7 percent of turnover and 13.3 percent of revenue.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Delaware North Sues Miomni Gaming Over Fraudulent Claims

Niji Narayan

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Delaware North Sues Miomni Gaming Over Fraudulent Claims
Photo Source: hhlarchitects.com
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Delaware North, the US based casino operator, has filed a lawsuit against its sports betting joint venture partner Miomni Gaming.

The operator is seeking monetary damages through the suit filed in the Chancery Court of Delaware, including Miomni’s 49% stake in the BetLucky joint venture, which the supplier is apparently refusing to give up. The joint venture was made to launch the BetLucky sports betting platform. Delaware North then terminated the contract earlier this month.

The operator claims Miomni made fraudulent claims to induce it to enter into a joint venture, as well as of wilfully breaching a limited liability company agreement governing the operation of BetLucky.

Delaware North claims that Miomni and chief executive Venner repeatedly claimed to own intellectual property rights to the platform, including the source code for the front end and back end of the platform.

 

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Central Europe

Superbet Submits Application for Online Betting License in Poland

Niji Narayan

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Superbet Submits Application for Online Betting License in Poland
Photo Source: picswe.com
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Last week, the Romanian gambling giant Superbet submitted an application to the Polish  Ministry of Finance for a license to organise bookmaker bets via the Internet.

Superbet has been running bookmaking activities in Poland since 2017. The betting shops of the bookmaker stand at a very high level, but everyone knows that the real strength lies in online betting. It remains to be hoped that “online” will look just as good.

Everything seems to indicate that after several months of expectations, Superbet will launch online sales in Poland. The platform has been adapted to the requirements of the Polish regulator and if everything goes as planned, the company will offer its services online at the end of the year.

 

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Latest News

Red Rake Gaming travels to the Silk Road with Marco Polo in a new release full of excitement and adventure

George Miller

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Red Rake Gaming travels to the Silk Road with Marco Polo in a new release full of excitement and adventure
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Innovative casino gaming provider Red Rake Gaming has just launched a new 5×3 reel videoslot that takes players on a journey through Europe and Asia with Marco Polo.

Starting in Venice, Marco Polo’s hometown, the players must reach the free spin feature in order to begin the journey along the Silk Road and increase their winnings.

Powerful Yin Yang symbols lead the player to an interesting choice: choose between a direct win awarded by an exciting abacus or direct entry to the free spins feature. The Marco Polo symbol is also Wild and replaces all the symbols including Yin Yang, which gives the player many more chances to win.

Within the free spin feature is where the player begins to travel across the map getting more spins and new multipliers.

An interesting videoslot with a very careful design that will be presented together with the most outstanding Red Rake Gaming games at the G2E Asia trade fair (Stand D1829) from the 21st to the 23rd of May, 2019.

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