Arena Football League rolls out predictions game

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first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Sports betting DFS Tags: Fantasy Sports Arena Football League rolls out predictions game DFS 26th April 2019 | By contenteditor Regions: US North America’s Arena Football League (AFL) has partnered with Chalkline Sports to develop and launch a new free-to-play predictions game.AFL Fan Games is based around the AFL indoor American football league, with fans able to make weekly, daily and in-play predictions for the chance to win a range of prizes.Weekly contests challenge fans to pick the winners, points totals and highest scoring quarter for all games played each weekend of the AFL season. Fans can also take part in game day contests by predicting key statistics such as the top performers and point totalsLive in-play contests will see supporters make in-game picks on each quarter during live AFL games. Fans can accumulate points throughout the game, with the winner announced at the final whistle.Prizes on offer include VIP game tickets, official game footballs and official team helmets.Chalkline will power the new platform, while the odds and lines for the Fan Games will be set by a third party.“AFL Fan Games will give our audience the opportunity to make predictions and compete in contests to win great prizes,” AFL commissioner Randall Boe said. “AFL Fan Games will be fun and engaging for fans.”Daniel Kustelski, CEO and co-founder of Chalkline Sports, added: “The AFL has exciting, action-packed, high-scoring games and we think that fans are going to love playing AFL Fan Games powered by Chalkline’s Free-to-Play platform.“Chalkline games deliver a fun, real-time experience and reward fans who play to win.”Last April, the AFL entered into a similar partnership with DraftKings, whereby the daily fantasy sports operator serves as the exclusive daily fantasy partner for the league and runs a dedicated AFL fantasy game.Image: Tampabay721 North America’s Arena Football League (AFL) has partnered with Chalkline Sports to develop and launch a new free-to-play predictions game.last_img read more

Developing countries, developing markets

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first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Developing countries, developing markets 2nd May 2019 | By Josephine Watson An economics graduate, Cyril Casanova spent four years at the Financière de l’Echiquier where he discovered a passion for entrepreneurship. He co-founded Honoré Gaming in 2013 and is currently in charge of business development at the company.Emerging markets are one of the biggest talking points for the igaming industry, providing operators facing slowed growth in Europe an opportunity to secure a foothold in rapidly growing markets.However, many of these new markets are in developing countries where technology penetration is much lower and lifestyles are intrinsically different to those in Europe.Having spent six years working in these kinds of markets, Cyril Casanova, head of business development and co-founder at Honoré Gaming, says emerging markets such as Africa and Latin America present distinct challenges. Headstarts in niche marketsWhen Honoré Gaming was selected by PMU Partenaire (the African subsidiary of PMU, the French state-owned pool betting operator and the third largest in Europe), to provide the technology underpinning PMU’s expansion strategy, the company started its journey of moving into these emerging markets.“Their ambition through this project is to share their experiences in French horse racing and make it popular in Africa, especially the Frenchspeaking regions,” explains Casanova. “From that, we have been able to enter many markets: Madagascar, Mauritius and Congo, to name a few. With them and our other clients, we’re now in 21 countries, 16 of which are in Africa.”Since this early success, Casanova explains that Honoré’s strategy has been to target countries that may currently be viewed as niche markets for their competitors. “Five years ago, very few of them were looking at Africa, which meant we could take positions there with some our first clients,” he says.“If you look at these local communities, the popularity of sports betting is crazy. Entertainment is needed there, as they don’t have the same access we do in Europe and the US, so it’s a great position to be in.” Unique challengesAccording to Casanova, one well documented challenge is in accommodating the low quality telecom infrastructure and high cost of data. “We are talking about countries where surfing the web in the streets with 3G or 4G is not affordable for most people,” he says. “In Africa or Latin America, for example, you need to have very light websites and apps in order for people to be able to connect and make bets affordably. Very few betting solution providers are offering products that are really adapted to emerging countries.”However, while some challenges facing these markets may be more obvious, there are also many logistical hurdles to clear. Casanova explains that, particularly in less developed regions such as Africa, another constraint is the need for simple, user-friendly applications in order to facilitate local training.“Retail accounts for more than 80-85% of the local markets, so you need to hire people directly to the streets who can sell your products,” he says. “In most of these places, many people cannot read, so you need to anticipate this through very simple and intuitive betting applications.” High-cost operationsWhile these markets promise to be lucrative for the early winners, protecting cash flows is important to survive, says Casanova: “You need to secure the cash flow, have a tight process and a robust IT solution in order to oversee this.”Although sports betting and lottery are popular in these regions, ticket prices are often low, meaning profits also suffer. “Everything is imported there, so you have custom taxes and duties to contend with. Then there’s the fact that local competition is less important, so people can put prices at a high level,” he continues.Casanova adds that controlling activities in terms of licensing can also generate difficulties, especially when developing communities are thrown into the mix. He cites one experience with a client who was licensed by the state and held the monopoly in a small market. “When we visited them, we realised that two companies had decided to go and launch a betting operation, and they were still struggling to shut them down.It’s sometimes difficult because those companies are creating many jobs and it’s hard for politicians to close something that’s bringing positive growth to communities.“We are advising some national lotteries and other clients with licences to make the price low and be able to have the tools to fight against illegal competition.On the other hand, there are some times when regulations are tighter than you would expect. “In Europe, for example, if you publish the wrong odds by mistake, you can cancel them online, and in retail you can cut back,” he explains. “But not in Africa. If you publish the wrong odds you have to pay.”Additionally, with so much of the market being retail-based, Casanova says match-fixing is a significant problem.“We have also developed strong and powerful risk engines to combat fixed matches, as well as software that can calculate agent commissions, fees to be paid to local authorities, reports to facilitate cash projection and automated SMS messages for the courier to alert them when terminals need to be emptied and re-opened.”Despite these challenges, Casanova says the growth is in these markets, and that alone is reason enough to make the leap. However, when doing so, operators must develop an intelligent strategy and find an appropriate sports betting solution. Expanding beyond your primary markets is important, but so too is doing it in a responsible and intelligent manner. iGaming Business spoke to Honoré Gaming’s Cyril Casanova to discuss how his company is looking to emerging markets to grow its business Subscribe to the iGaming newsletter Topics: Legal & compliance Legal & compliance Email Addresslast_img read more

New York State of Mind

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first_img In this webinar with Sportradar we look at New York as a case study and how it has adapted to legalized sports betting.This webinar will discuss:• Key issues being discussed in New York regarding legal sports betting • The chances of mobile sports betting getting approved in the near term • The biggest obstacles the state has to overcome to mirror the legal sports betting framework being utilized in New Jersey AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd May 2019 | By Aaron Noy New York State of Mind Uncategorized In this webinar we discuss New York as a sports betting case study in an exclusive webinar with Sportradar. Topics: Uncategorized Subscribe to the iGaming newsletter Email Addresslast_img read more

SG extends deal with Germany’s Lotto Baden-Württemberg

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first_img9th January 2020 | By contenteditor Lottery SG extends deal with Germany’s Lotto Baden-Württemberg Scientific Games has signed a five-year extension to its technology agreement with German regional lottery operator Lotto Baden-Württemberg. Regions: Europe Central and Eastern Europe Germany AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Subscribe to the iGaming newsletter Scientific Games has signed a five-year extension to its technology agreement with German regional lottery operator Lotto Baden-Württemberg.Under the deal, Scientific Games will launch its new SYMPHONY gaming systems technology with the Stuttgart-based operator, migrating the gaming system that it currently provides over the next year.Lotto Baden-Württemberg becomes the first state-owned lottery operator in Germany to implement SYMPHONY.As part of the agreement, Scientific Games will also provide software support and maintenance from its European technology facility in Vienna, Austria.“We thank Lotto Baden-Württemberg for its continued trust in our systems technology leadership with our new SYMPHONY gaming system,” Scientific Games’ group chief executive lottery, Pat McHugh, said.“We will continue to provide the best products that drive the most profits for our lottery customers, their retailers and players with technology that securely integrates all game entertainment product lines and offers operational efficiencies.”Lotto Baden-Württemberg is the third largest of the 16 German state lotteries, working with more than 3,000 licensed retailers. In 2019 it reported a marginal decline in sales, to €977.9m, which was blamed on lower Eurojackpot prize pots during the year, something that also prompted year-on-year declines across the German state lottery market.Matthias Müller, vice president sales and marketing for Scientific Games International Lottery Systems, added: “SYMPHONY is a self-contained system that can be deployed more efficiently than other systems, which allows a faster implementation of market requirements. It is designed to easily integrate third party solutions through its open interface.” Topics: Lottery Tech & innovation Email Addresslast_img read more

OPAP announces changes to management team

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first_img Topics: Lottery People Strategy Subscribe to the iGaming newsletter Greek gambling operator OPAP has made a series of changes to its management team, including appointing Jan Karas as its new chief commercial officer. Greek gambling operator OPAP has made a series of changes to its management team, including appointing Jan Karas as its new chief commercial officer.Vaios Karantinos has been named as the new chief retail officer at OPAP, while the operator has also brought in Nancy Verra as chief regulatory and compliance officer.Meanwhile, Spyros Linaras has taken on the position of chief people officer at the Greek gambling business.In addition to taking on their new roles, the quartet will all become members of the OPAP Executive Committee, alongside the likes of executive chairman Kamil Ziegler and chief executive Damian Cope.The management appointments come after OPAP last month announced that it had completed the introduction of 25,000 video lottery terminal (VLT) machines in its home country.The rollout of machines supplied by Inspired and the Synot Group took just under three years, beginning in January 2017 after the European Union in 2015 approved the Greek government’s decision to award OPAP a VLT monopoly.This week, OPAP also revealed details of a new digital sports betting partnership with Playtech. Under the deal, the Playtech BGT Sports division will provide the operator with its new Quantum sports betting digital platform.OPAP will become the first operator to use the PBS digital sportsbook offering as part of its Quantum roll out. 7th February 2020 | By contenteditor Lotterycenter_img Tags: Online Gambling OPAP announces changes to management team AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

SKS365 appoints Mura to senior legal and compliance role

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first_img SKS365 appoints Mura to senior legal and compliance role AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 4th March 2020 | By contenteditor Email Address Italy-facing retail and online gaming operator SKS365 has announced the appointment of Massimiliano Mura as its new director legal and compliance. Subscribe to the iGaming newsletter Italy-facing retail and online gaming operator SKS365 has announced the appointment of Massimiliano Mura as its new director legal and compliance.In his new role, Mura will assume responsibility for the activities of the legal and compliance department for SKS365, owner of the Planetwin365 brand.Mura is a lawyer with 13 years’ professional experience in the gaming sector and previously worked as consultant for Stanleybet Malta and Magellan Robotech.“In such a complex, dynamic and competitive market in terms of offer and regulations, compliance represents an indispensable pillar for differentiating and enriching the identity of one of the players in the industry,” Mura said.“With experience also in European legislation and financial disputes, AML and data processing – SKS365 is one of the leaders of the Italian betting and gaming industry and makes compliance one of the main values.”Alexander Martin, who was appointed chief executive of SKS365 in December of last year, added: “Mura has one of the best profiles of the industry and is well known nationally and internationally. Beside his functional expertise he stands to the high motivation and commitment of SKS365.“With that he will actively lead and contribute to SKS365 positioning as a responsible, transparent and virtuous operator, who takes care about players and collaboration with the regulators.” Tags: Online Gambling OTB and Betting Shops Legal & compliance Topics: Legal & compliance People Strategy Regions: Europe Southern Europe Italylast_img read more

GLMS reports decline in Q1 suspicious betting alerts

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first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address GLMS reports decline in Q1 suspicious betting alerts The Global Lottery Monitoring System (GLMS), the sports betting integrity body for the lottery industry, has reported a 31.8% year-on-year drop in the number of suspicious betting alerts registered in the first quarter.The body sent a total of 135 alerts to its members during the three months to 31 March, compared to 198 in the corresponding period last year.Football was the sport of most concern for the GLMS in Q1, accounting for 81 of all alerts for the period. Ice hockey followed in a distant second with 19 alerts, then basketball on 17, tennis with 11, volleyball on three, esports with two and one apiece for handball and badminton.Europe accounted for 90 of the total alerts, with 54 being in relation to wagering on football, ahead of 17 for ice hockey, 10 for basketball, four on tennis, three for volleyball and one each for badminton and handball.Asia followed some way behind Europe with 27 alerts, the majority of which were for football betting, then South America with seven alerts, North America on six alerts and Africa with five. The GLMS also noted that it did not register a single alert in Oceania in Q1.More than three quarters of all alerts (104) were for bets placed before an event, while the main reason for raising alerts was in relation to team news, with a total of 35 alerts filed as a result.Other major triggers included 20 alerts for significant odds changes and 25 alerts for odds changes that required further investigation, while 17 alerts were raised after a specific request had been sent to the GLMS.Reflecting on the first quarter, GLMS president Ludovico Calvi acknowledged that the industry faces a number of challenges due to the situation with the novel coronavirus (Covid-19), adding that ensuring integrity across the lottery market remains key.“Despite the level of complexity involved, creating clarity and security for our employees and business partners is absolutely key when the situation and the available information are constantly changing,” he said.“The last thing we want is to generate confusion because of the lack of information and the countless media reports offering different perspectives and advice. The real challenge is to adopt new ways of working and for that transition to be handled smoothly requires clear, consistent, timely guidance.“With personal interactions and retail business completely restricted, another important step to take could be to review our channel distribution mix both in B2C and B2B environments. Rapid redeployment of resources towards digital channels would allow lotteries to continue to operate and satisfy drastically changing consumer’s needs and behaviours.”This comes after the International Betting Integrity Association (IBIA), the sports integrity monitoring body comprised of operator members, reported a 65% year-on-year hike in Q1 alerts.Meanwhile, the GLMS has revealed that Germany’s Oddsett Sportwetten GmbH has joined the organisation as an associate member.Oddset, which is jointly owned by seven of Germany’s 16 state lotteries, is a licensed and state-owned company that provides sports betting through the retail networks of several state lotteries in Germany.As a GLMS associate member, Oddset will receive summaries of GLMS global alerts and have access to education and prevention tools, as well as to the global GLMS information network. In addition, the operator will benefit from sponsorship and communication opportunities at GLMS events.Oddset chief executive Christof Schoepfel said: “As a responsible sports betting provider, owned by and co-operating closely with lottery companies, we feel very committed to the goals of GLMS.“Every sports betting offer should go hand in hand with the overarching goal of maintaining the integrity of the sport, because only a fair sporting event offers our customers the pleasure of betting.”Calvi of GLMS added: “With the recent regulatory evolution, the largest market in Europe will now take further steps towards a full deregulation of the gaming market.“Sports betting will definitely lead the way in Germany and Oddset will play an important role in the promotion of transparent and socially responsible gaming operations.” Subscribe to the iGaming newsletter 8th April 2020 | By contenteditor Sports betting Topics: Sports betting The Global Lottery Monitoring System (GLMS), the sports betting integrity body for the lottery industry, has reported a 31.8% year-on-year drop in the number of suspicious betting alerts registered in the first quarter.last_img read more

Codere reveals impact of Covid-19 in Q1

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first_img Email Address Topics: Casino & games Finance 28th May 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter Spain, Italy and Latin America-facing operator Codere’s revenue fell 21.3% to €278.5m in the first quarter of 2020, while a combination of retail shutdowns resulting from novel coronavirus (Covid-19) and exchange rate fluctuations contributed to losses rising to €97.1m.Of the €278.5m in revenue generated for the three months to 31 March, Italy’s contribution was the largest. However, as the country was one of the first in Europe to be affected by Covid-19, its total was down 39.4% year-on-year, at €86.5m. Spain, another country badly affected, fell 16.7% to €40.5m.A further €64.8m came from Argentina, down 19.8%, with Mexico’s contribution declining 24.9% to €60.4m. Revenue from Panama, meanwhile, fell 23.2% to €14.6m and Uruguay’s total was down 9.6% to €17.0m. Colombian revenue, on the other hand, declined just 0.9%to €4.9m.Online revenue increased, but at a slower rate than retail’s decline. The channel’s Q1 total amounted to €16.1m, up 7.6%.“The impact of Covid-19 on Codere’s business has been very significant as it has caused the temporary closure of all face-to-face operations gradually since 8 March,” the operator explained. “Only the online business has continued to operate normally, but this was still strongly affected by the cancellation of major sporting competitions.”Codere’s operating expenses for the quarter fell 15.5% to €230.8m, while contingency plans taken following the closure of its land-based business contributed to a 56.5% reduction in costs for that period. In addition, the business took out a MXN500.0m loan to be paid off in 2025.Gaming taxes came to €82.8m, down 21.4% and other taxes to €18.4m, down 13.9%, while personnel costs declined 6.6% to €56.8m.Rental costs for gaming venues fell 44.1% to €1.5m, while slot machine rental fees grew 8.8% to €7.0m.Costs of goods sold came to €8.6m, down 32.5%, while advertising and marketing costs came to €11.1m, down 9.4%. Utility costs grew 9.8% to €13.0m while repair and maintenance costs declined 13.6% to €5.1m. Professional fees for contractors fell 37.3% to €3.0m.Insurance costs grew to €1.2m while travel and transport costs remained steady at €2.1m and other operating costs fell 21.9% to €20.0m.This resulted in earnings before interest, tax, depreciation and amortisation of €47.7m, down 41.1%. Codere made a further €0.5m loss due to fair value variations of trade transactions. The business paid a further €1.1m in the disposal of equipment such as gaming machines and paid a further €2.0m in impairment costs.Non-recurring costs came to €7.7m, of which €4.4m related to online marketing investments.As a result, the business made an operating loss of €7.1m. After adjusting for the inflation of the Argentine Peso that occurred in 2019 driven by the election of Alberto Fernández as president, as well as inflation in other Latin American currencies due to uncertainty over the effects of Covid-19, Codere’s loss came to €10.4m.The operator paid a further €23.1m in net interest expenses, compared to a €28.3m gain in the prior year, while it made a €2.8m loss on financial investments.Exchange rate variations, driven again by Fernandez’s election over the more market-friendly incumbent Mauricio Macri and global uncertainty caused by the pandemic, led to a €49.9m loss. After adjusting for inflation, Codere’s pre-tax loss came to €85.0m.Codere paid a further €14.1m in income tax, up 64.9% from 2019. The operator made €3.3m through businesses in which it has a minority interest, compared to a loss of €1.6m in 2019.As a result, after accounting for inflation again, Codere made a net loss of €97.1m, compared to a loss of €8.6m in 2019.Currently, only Uruguayan racing and some Spanish points of sale have resumed operations, but the business said it expects the rest of operations to resume gradually from June.“Codere has also resorted to seeking additional liquidity with the support of financial advisers, with the aim of obtaining an additional €105m that allows the business to face this period of uncertainty, the evolution of the pandemic and its implications on when and under what conditions Codere may reopen its operations, more comfortably,” the business added. Spain, Italy and Latin America-facing operator Codere’s revenue fell 21.3% to €278.5m in the first quarter of 2020, while a combination of retail shutdowns resulting from novel coronavirus (Covid-19) and exchange rate fluctuations contributed to losses rising to €97.1m.center_img Codere reveals impact of Covid-19 in Q1 Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe LATAM Southern Europe Italy Spain Argentina Colombia Mexico Panama Uruguaylast_img read more

Malta regulator suspends Lucky Dino Gaming’s licence

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first_img The Malta Gaming Authority (MGA) has suspended Lucky Dino Gaming’s B2C gaming service licence with immediate effect after ruling that it breached certain regulations in the country. Subscribe to the iGaming newsletter Malta regulator suspends Lucky Dino Gaming’s licence AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Regions: Europe Southern Europe Malta 3rd September 2020 | By contenteditor The Malta Gaming Authority (MGA) has suspended Lucky Dino Gaming’s B2C gaming service licence with immediate effect after ruling that it breached certain regulations in the country.Lucky Dino Gaming has been ordered to halt all of its online gambling operations in Malta, including registering new users and accepting new customer deposits.However, Lucky Dino Gaming must ensure it allows registered players to access their accounts so that they can withdraw funds.According to the MGA, Lucky Dino Gaming breached regulation 9 (1) (C) of the country’s Compliance and Enforcement Regulations. The MGA did not go into full detail about the breach, but did state that the operator did not file certain key function documentation and also failed to inform the regulator after adding content from new game providers.Lucky Dino Gaming, which runs the Olaspill.com, Casinojefe.com, Luckydino.com and Kalevalakasino.com websites in Malta, may be able to appeal against the suspension.The ruling comes after the MGA last week entered into a new Memorandum of Understanding (MoU) with Dutch regulator Kansspelautoriteit (KSA).The partnership aims to tackle illegal activities in the Malta and Dutch gambling markets, with the two authorities set to work together to prevent and tackle gambling-related criminal activities. Legal & compliance Tags: Online Gambling Email Addresslast_img read more

Italy: iGaming declines as lockdown eases in August

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first_img Email Address Regions: Europe Southern Europe Italy 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. For that month, cash game revenue amounted to €20.6m, and tournament rake and fees €11.7m. 22nd September 2020 | By Aaron Noy Topics: Casino & games Finance Legal & compliance Sports betting Online casino Poker All data and figures from the regulator are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard, the Portuguese market in the Portugal iGaming Dashboard, and the Danish market in the Denmark iGaming Dashboard. Ficom Leisure also provides monthly figures on the New Jersey online market in the New Jersey iGaming Dashboard, Pennsylvania in the Pennsylvania iGaming Dashboard, Indiana in the Indiana iGaming Dashboard and Iowa in the Iowa iGaming Dashboard, all of which are available on iGB North America. Italy: iGaming declines as lockdown eases in August After posting its weakest figures since February in July, the online casino vertical saw revenue grow marginally in August, rising 2.0% to €94.8m. However, this still represented a 41.4% year-on-year increase. Italy’s online casino and poker verticals reported marginal month-on-month improvements in revenue in August, though sports betting’s total dropped significantly from July’s strong showing. Finance The biggest month-on-month decline was seen in the sports betting vertical, for which revenue was down 27.2%. This drop came despite the month seeing the conclusion of the Serie A season, and the final stages of the Europa and Champions League – with Internazionale making it to the Europa League final. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Across the online and retail channels, Snaitech led the way, accounting for 16.5% of all revenue, ahead of second placed Goldbet – the retail market leader – on 14.2%. Eurobet Italia followed in third on 13.1%. As ever, PokerStars leads the way in both formats, accounting for 52.7% of cash game revenue and 47.1% of tournament action, with no other operator even recording double digit market share. iGB apologises for the lack of a dashboard in July, which was due to delays in receiving the data from Italian regulator Agenzia Dogane Monopoli. The figures for that month are included in the infographic below. PokerStars remained the market leader in the vertical by some distance, 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%, meaning it stayed ahead of Snaitech.last_img read more