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Italy’s online sports betting growth outpacing retail wagers

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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%.

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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.

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Source: EEGaming.

Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

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eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

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“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

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BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

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Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

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Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.

“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.

Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.

Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.

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