Industry News

iGaming Declines as Lockdown Eases in Italy

Published

4 years ago

September 22, 2020

Niji Narayan

iGaming Declines as Lockdown Eases in Italy

Reading Time: < 1 minute

After reporting its lowest figures since February in July, the online casino segment saw revenue grow marginally in August. The revenue increases by 2.0% to €94.8m. However, this still represented a 41.4% year-on-year increase.

PokerStars remained the market leader, though its share declined from 13.0% in July to 12.4%. This set it some way ahead of second-placed Sisal, on 8.2%, and Lottomatica, which grew its share to 7.8%.

The poker vertical also recorded marginal growth in cash game revenue (to €6.2m) and tournament rake and fees (to €5.0m), though has now fallen far below the highs recorded in April, at the height of lockdown.

The biggest month-on-month decline was seen in the sports betting vertical, for which revenue was down 27.2%. Across the online and retail channels, Snaitech led the way, accounting for 16.5% of all revenue.

Related Topics:Europe Goldbet Italy Lottomatica online casino PokerStars Sisal Snaitech sports betting vertical

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Niji Narayan

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.