Business
January 11, 2021
Betfair Exhange Became Less Compelling to Bettors in Italy
Sports betting exchange leader in Italy Betfair Exchange expressed concerns its flagship product lost much of its competitiveness and appeal following the controversial turnover tax imposed by the government last summer. Unsustainable Turnover Tax As part of the “Revival Decree” the Italian government imposed a 0.5% turnover tax across retail, digital and virtual sports wagering, […]
Business
December 7, 2020
Apollo Signs $1.15 Billion Deal to Acquire IGT’s B2C Lottomatica Businesses
IGT announced on December 6 it will sell its B2C Lottomatica businesses to Apollo Global Management’s investment subsidiary for $1.15 billion. IGT Board Unanimously Approves Billion-Dollar Deal Multinational gaming provider International Game Technology (IGT) announced yesterday it has agreed to sell its Italian B2C Lottomatica businesses to Apollo Global Management’s finance subsidiary Gamenet Group for […]
Business
December 3, 2020
Playson Inks Agreement with Blox, Increases Presence in Italy
Italian-licensed Blox Limited and the leading igaming software developer Playson inked a new agreement. Blox will be able to distribute hit games by Playson as a part of the agreement. At the same time, Playson is increasing its market presence in Italy and expanding its reach. Playson and Blox Limited Ink a New Partnership The […]
Casino
October 27, 2020
Italy Rolls Out Strict COVID-19 Restrictions, Closes Casinos
In light of rising cases of positive COVID-19 patients, Italy rolled out new restrictions. The new restrictions reduce social gatherings and close businesses such as casinos, bingos, gyms, and other entertainment venues. New Decree Introduces Stricter COVID-19 Restrictions in Italy After observing spikes of positive COVID-19 cases, Italy introduced tighter restrictions aiming at reducing the […]
Legal
September 6, 2020
AgCOM Deepens Google Investigation for Flouting Gambling Ban
Italian national communications authority Autorità per le Garanzie nelle Comunicazioni (AgCOM) announced further investigation into Google regarding a possible violation of the blanket ban on gambling advertising is needed. The body is investigating Google Inc, Google Italy and Google Ireland for ranking foreign gambling operators in google search results. AgCOM is looking into the online […]
Legal
May 27, 2020
Italy Implements Turnover Tax for Gambling Operators, Hopes to Raise €90 Million
The Italian government is looking to aid the National Sports system following a near three-month postponement of sports activities due to the coronavirus (COVID-19) outbreak. Funds are planned to be gained by a new tax applicable for all gambling operations in the country. New Turnover Tax for Gambling Operators in Italy A new turnover gambling […]
Business
May 5, 2020
Newgioco Will Re-Open Its Retail Business, PPE for Staff and Clients
Italian sports betting and gaming technology company Newgioco Group announced it would start re-opening its retail outlets across the country, after the national government eased the country-wide lockdown order starting Monday, May 4. Back in March, Italy became the first country in the world to issue a state-wide lockdown order as an enforcement measure on […]
Business
May 4, 2020
Kiron Signs Content Deal with Microgame for the Italian Market
Sport content company Kiron Interactive has further strengthened its position on the Italian market with the partnership deal it has signed with leading gaming service provider Microgame. The new strategic alliance will allow the virtual game producer company to roll out most of its content on the platform of one of the leading betting services […]
Poker
April 3, 2020
Partypoker Returns to Italy with New Poker License
Following a four-year break, GVC Holdings’ partypoker is back in Italy with the company’s local domain launching on April 1, 2020. Partypoker Relaunches Poker and Casino in Italy Italy has been one of the hardliners in the iGaming industry since the coalition government propped up by Five Star Movement has decided to deliver on its […]
Business
March 10, 2020
Playtech’s Italy Retail Betting Business Temporarily Shut Down
Snaitech betting retail shops across Italy have been shut down, Playtech reported yesterday, as the global online gaming software supplier had to comply with the coronavirus spread mitigation measures, undertaken by the Italian government. The shops will remain closed until April 3. Italy Under Lockdown After Italian Prime Minister Giuseppe Conte essentially had placed the […]