Connect with us
European Gaming Congress 2024

iGaming Industry

Italy’s online sports betting growth outpacing retail wagers

Published

on

Italy’s online sports betting growth outpacing retail wagers

Italy’s sports betting revenue nearly doubled in August, with online betting growth handily outpacing that of its retail rival.

Official figures published by Italian gaming news agency Agimeg show August’s overall sports revenue coming in just shy of €83m, up 89% from the same month last year. Retail betting revenue improved 74.7% to €43.8m while online betting shot up 108.6% to €39m. For the year to date, retail wagering revenue is up 7.65% while online bets are 34% higher.

Bet365’s Italian site maintained its status as online sports betting’s top dog with nearly 18% of the market, with SKS365’s Planetwin365 brand not far back at 16%. Planetwin365 hopes to close that gap through even greater brand exposure, including this week’s announcement of a two-year official betting partnership with Serie A footballers Napoli.

Italy’s online casino operators also enjoyed a healthy August, reporting revenue of €44.8m, a 30.6% year-on-year improvement. Lottomatica earned top marks with a 9.08% casino market share, narrowly outpacing The Stars Group’s PokerStars.it at 8.93%, although Sisal is nipping at both companies’ heels with 8.81%.

GVC Holdings’ Bwin brand placed fourth with a 6.36% online casino share, allowing the company to move up three spots on the chart. Bwin’s gain was William Hill’s loss, as the company slid from fifth to eighth place with 5.39%.

Advertisement
Stake.com

August’s online poker tournament entry fees were up nearly 20% year-on-year to €5.9m, bringing the year-to-date tournament tally to just under €55m (+17.8%). As ever, PokerStars maintained its vice-like grip on the tournament market with a share of 70.8%.

Online poker cash games weren’t as fortunate in August, with revenue falling 3.8% to €5.1m, with a year-to-date total of €46m (-5.1%). PokerStars claimed 45.9% of August’s cash game business, with runner-up Lottomatica a distant second at 7.1%.

Lottomatica’s digital business manager Gianfranco Allocca recently told GiocoNews that his company had seen “a great return of important gamers on our gaming platform” and Lottomatica hopes to build on this momentum by releasing new poker software in October, as well as new sit & go and slots & go options.

Italy’s regulated online market – already the second largest in Europe – is about to become even more competitive as the government prepares to issue a new round of online licenses later this month. Details have yet to be finalized, but reports have it that around 120 concessions will be available at the low, low price of €200k apiece.…

The post Italy’s online sports betting growth outpacing retail wagers appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Advertisement
Stake.com


Source: EEGaming.

Andrés Tamayo

Pragmatic Play Enhances FullReto Partnership with Virtual Sports Addition

Published

on

pragmatic-play-enhances-fullreto-partnership-with-virtual-sports-addition

 

Pragmatic Play, a leading content supplier to the iGaming industry, has reinforced its commitment to Latin American expansion by strengthening its existing relationship with Colombian operator FullReto.

The latest agreement will see FullReto offer its players a broad selection of Pragmatic Play’s unique Virtual Sports titles, building on an already extensive offering of over 300 Slots and Live Casino games.

Fantastic League, Greyhound Racing, and the thrilling motor racing-themed Force 1 are among the games now available to FullReto customers as the operator looks to capitalise on the rapidly increasing popularity of Virtual Sports to consolidate its position as a leading platform in Colombia.

The multi-product partnership reaffirms Pragmatic Play’s intentions to expand its offering in the LatAm markets, with FullReto now offering a vast catalogue of Pragmatic’s award-winning games across three verticals.

Advertisement
Stake.com

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is delighted to reinforce its partnership with FullReto by providing its players with access to its renowned Virtual Sports games. The deal not only emphasises Pragmatic Play’s desire to provide Colombian players with an exciting online gaming experience, but also demonstrates the supplier’s dedication to furthering its Latin American expansion.”

Andrés Tamayo, General Manager at FullReto, said: “FullReto’s continued collaboration with Pragmatic Play highlights our main objective of supplying the optimal player experience. The addition of Pragmatic Play’s Virtual Sports offering, on top of its Slots and Live Casino games, will ensure FullReto players have access to hundreds of fan-favourite games across a variety of verticals.”

Continue Reading

Alonso Huiman

Pragmatic Play Launches Live Casino Offer at Atlantic City

Published

on

pragmatic-play-launches-live-casino-offer-at-atlantic-city

 

Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its Live Casino footprint across Peru after going live with major local operator, Atlantic City.

The partnership sees Pragmatic Play’s full Live Casino portfolio integrated with the operator, enabling players in Peru to enjoy market-leading titles such as Blackjack, Roulette, and Baccarat from the supplier’s award-winning portfolio.

This latest agreement showcases Pragmatic Play’s plans for growth in LatAm, exhibiting an array of its verticals across multiple territories in recent months. It is the latest deal signed by Pragmatic Play with a Peruvian operator, following a comprehensive growth strategy in the country.

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Atlantic City is one of Peru’s most reputable operators and offers another opportunity to showcase the Pragmatic Play Live Casino portfolio in Peru. With an offering that will deliver exceptional gaming experiences to players, this partnership promises to cement Pragmatic Play’s position at the forefront of the Peruvian iGaming industry.”

Advertisement
Stake.com

Alonso Huiman, Chief of Online Casino at Atlantic City, said: “This landmark agreement with Pragmatic Play is a pivotal moment for us. Its vast selection of table and card games will resonate seamlessly with our player base and we are confident that this will propel our brand to new heights.”

Continue Reading

CGS Santiago

Pragmatic Play to Participate in CGS Santiago

Published

on

pragmatic-play-to-participate-in-cgs-santiago

 

Pragmatic Play, a leading content supplier to the iGaming industry, is set to participate in CGS Santiago this month, as the provider seeks further inroads across the continent.

The provider is also the standalone Diamond Sponsor at the event, which takes place at Espacio Riesco in the country’s capital, Santiago, on May 29 and 30.

Pragmatic Play is set to attend the event as a renowned actor in the market, for its multi-product offering, comprising Slots, Live Casino content, Virtual Sports, Sportsbook, and Bingo, including fan-favorite titles Gates of Olympus and the popular Blackjack X.

With expo season now in full swing, CGS Santiago marks another conference in the region for the supplier, following its presence at BiS – SiGMA Americas in Brazil, GAT Expo in Colombia, and SBC Summit Rio earlier this year.

Advertisement
Stake.com

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Latin America remains a key focus for Pragmatic Play as it gears up to make meaningful connections in Chile, a region full of potential as the iGaming industry continues to evolve in this part of the world. Pragmatic Play is also proud to be a Diamond Sponsor at this year’s expo, showcasing the importance that CGS Santiago represents and the immense opportunities that the two-day event has on offer.”

Continue Reading

Trending