Italy’s Revenues Suffered From Gambling

The introduction of online slots in December 2012 to the Italian market has not contributed to the overall growth of the casino industry in Italy due to lower income from Poker. The total spending in January and February amounted to €217.4 million, but, according to a regulatory body AAMS, the revenue from slots rose by over 80% in the first three months of this year compared with the previous one.

Income figures fell dramatically from casino games and Poker, showing a decline of 34.6% cash Poker and 36.4% for tournament Poker. During the first quarter of 2012, casino incomes were on the bottom of the casino ocean, but during the first quarter of this year, it fell to €59.8 million, amounting to €43.1 million for cash Poker and €28.7 for tournament Poker.

Casino NewsAAMS connects the falling revenue with a 'general decline of the casino revenue in Italy and the declining popularity of Poker in Europe.' On the bright side, the total earnings from sports betting grew by 29.1%, mainly due to the relatively high percentage of payments in January 2012. Bingo revenues fell by 27.3% if compared to the previous year, while the lottery experienced a drop of two-digit number.

Lottomatica holds the largest share on the market with its casino site dot.it, that would be about 15% of the market in January, February and March. Snai is the second operator with its market share of over 10%  and 10.6% in the first quarter of this year.

Italy’s revenues suffered from gambling , Casino NewsPokerStars Poker continues to dominate the Italian market, invading more than half of the market in March and more than a third of the market games involving cash in the 3 months of 2013. Bwin is a leading online Bingo casino in Italy, and it held 21.5% of the market in March, while Lottomatica is still the largest operator in the blast zone.

Regulatory documents for the exchange rates in Italy are to be taken before the end of the month, so Betfair and Microgaming are preparing to obtain their licenses for their new products. Currently, none of the operators has not reached even 1% of the market.

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