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Italy’s online gambling results show improvement after post-World Cup slump

Niji Narayan

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Italy’s regulated sports betting market has shown signs of improvement after the mild dip it suffered after the heightened betting activity during the football World Cup.

As per the figures published by Italian gaming affiliate Agimeg, combined retail and online sports betting revenue in August touched €111.4m, a rise of 34.4 per cent over the same month last year and down only slightly from the €114.3m recorded in July.

Online wagering accounted for just under €50m in July, up 27.8 per cent year-on-year, with Bet365 claiming a 17.1 per cent share, followed by runner-up SKS365 (14.9 per cent) and Playtech’s new Italian toy Snaitech (10.5 per cent). For the year-to-date, online betting revenue is up 41.5 per cent to €411.4m.

The retail betting throne was claimed by the new Gamenet/Goldbet combo, which claimed 18.7 per cent share. Snaitech was not far back with 16.5 per cent and GVC Holdings’ Eurobet brand ranked third with 14.7 per cent.

Virtual betting generated revenue of €20.5m in August, €19m of which came via retail outlets. For the year-to-date, virtual betting revenue totals €170m, of which €157.5m was retail-derived. Gamenet/Goldbet also led this vertical with an even more dominant 27.5 per cent share.

August’s online casino revenue shot up 26 per cent year-on-year to €56.5m, with The Stars Group’s PokerStars’ brand claiming top honours with a 9.7 per cent share. Lottomatica ranked second with 8.9 per cent and Sisal claimed third with €8.4 per cent. For the year-to-date, online casino revenue is up over €100m year-on-year to €458.8m.

Online poker played contrarian in August, as cash games revenue fell 6.9 per cent to €4.8m while tournament fees were down 5.9 per cent to €5.6m. PokerStars claimed a 42.1 per cent share of cash games revenue and a 64.8 per cent slice of the tournament take.

For the year-to-date, cash games revenue has fallen nearly €2m to €44.1m, while tournaments are essentially flat at around €55m.

All eyes will be on Italy’s market in the coming months to gauge the impact the country’s new ban on gambling advertising and sponsorships.

 

Source: calvinayre.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Tennis Integrity Supervisory Board Appoints Jonathan Gray as CEO of TIU

Niji Narayan

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Tennis Integrity Supervisory Board Appoints Jonathan Gray as CEO of TIU
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The Tennis Integrity Supervisory Board has appointed Jonathan Gray as the first CEO of the Tennis Integrity Unit (TIU). Gray will take up his new role in February 2020. He will report to the independent Tennis Integrity Supervisory Board and work closely with TIU director Nigel Willerton.

“This is a unique opportunity to work with a global sport in tackling issues around corruption and doping. I share the absolute commitment of tennis to achieving the highest standards of integrity and believe passionately in fair and clean sport. It is clear to me that much good work has already been done in this area, and I am looking forward to building on those strong foundations,” Gray said.

Gray is having more than 14 years of experience as a senior partner at specialist global risk consultancy Control Risks. He also had a 20-year career in the British Army, commanding operations in Belfast and Iraq, and also seeing action in the Balkans, Falklands, Canada and Europe.

“Jonny was the outstanding candidate in a very strong and varied field. He shares our determination to create the best, most innovative integrity organisation in sport, and his skills and experience will be vital in helping tennis to realise that ambition,” Jennie Price, independent chair of Tennis Integrity Supervisory Board said.

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TVBET Launches its New Game Lucky6

Niji Narayan

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TVBET Launches its New Game Lucky6
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TVBET has launched its new game Lucky6 as a part of its global expansion. The well-known classic game is now available at the Demo section on the official website and planning to be added on the partners’ platforms soon.

“Being one of the leaders on the global live-games market TVBET focuses on providing our clients with the most relevant content, and our new Lucky6 is in full accordance with the requirements of the more demanding audience. This game is a madly popular of their genre, and our company has launched it in a highly qualitative live-format, including also adjustable bonuses, promo codes, and jackpots. Today, we’re happy to present the content that will help our partners in reaching their business goals,” Peter Korpusenko, CEO of TVBET said.

Lucky6 is a classic game in which the player is offered 48 numbers, 35 of which are selected randomly. The player is offered to guess 6 balls. The last, sixth, ball brings special fortune to the lucky winner – the winning coefficient depends on the position of his loss.

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PMU Reports French Racing Growth in Q3 2019

Niji Narayan

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PMU Reports French Racing Growth in Q3 2019
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French horse betting company Pari Mutuel Urbain (PMU) has reported consecutive growth quarters for its racing vertical. Chief Executive Cyril Linette revealed that French racing wagers during Q2 and Q3 trading had consecutively grown by 0.5% to €1.9 billion.

Despite a tough opening to 2019 racing (−3.4%), with the PMU reducing its race schedule and revamping its “Quinte+ prognostic” product, PMU governance estimates that French racing will be delivered at −1% wagering for 2019 trading.

“This is proof that the strategy put in place is bearing fruit despite a reduction in supply (−20% of races), even if we do not end the year in growth, for six months we have shown real growth, which is of great satisfaction” Linette said.

Under Linette’s guidance, at the start of 2019, the PMU launched its “revitalisation programme” approved by the operator’s core shareholders of France Gallop and Le Trot Francais.

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