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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default 70 new online applications for Italian gaming market

    Italy’s gambling regulator Agenzia delle Dogane e dei Monopoli (ADM) opened the applications submitted by 70 gambling operators seeking to be issued a license to operate in the country, or to have their existing license extended.

    ADM announced last month that it had received 80 applications by the end of the application period on 19 March. After opening all the envelopes it had received, the regulator said on Thursday that they were all valid, local gaming news outlet AGIMEG reports.

    From CasinoNewsDaily.com:

    a total of 70 gambling companies submitted their papers, with some of them applying for multiple licenses. The iGaming and betting licenses to be issued will be valid through December 31, 2022.

    It is also important to note that all applicants were required to pay a one-off application fee of €200,000. The ADM has thus collected €16 million from the process.

    Aside from the 80 new licenses to be granted, the Italian online gaming space will also be comprised of 45 licensees, whose licenses expired in June 2016 and were subsequently extended, as well as 47 licensees, whose licenses are valid through the end of 2022.

    Some of the operators seeking a license from the ADM include bet365, PokerStars, Luckia, Videoslots, and Lottomatica. Here it is also interesting to note that some of Italy’s land-based casinos have also applied for a license for the operation of iGaming services.
    Read more here: http://www.casinonewsdaily.com/2018/...ling-licenses/

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    Breakout Ewa (2 May 2018), ocreditor (25 April 2018)

  3. #2
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    Very good for competition but it's going to be harder and harder I guess to generate new FTD's in this geo

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    Triple7 is offline Private Member
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    I guess many brands are seeking alternatives for closing / more restricting markets (like Poland, NL, Norway, AU) and over-regulated/taxed markets (UK, Czech).

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    The italian market is quite attractive; In 2017 the Italian online sportsbetting vertical almost doubled its GGR of 2016, the casino vertical had an increase of c30%.

    Tough market, but an attractive one.

  6. #5
    Randall is offline New Member
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    Hey Guys,

    Is anyone seeing real success in Italy. I have found conversions in the market really low and the player value post regulation is incomparable to the value prior to regulation.

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    Sherlock (27 April 2018)

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    Triple7 is offline Private Member
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    Quote Originally Posted by Randall View Post
    Hey Guys,

    Is anyone seeing real success in Italy. I have found conversions in the market really low and the player value post regulation is incomparable to the value prior to regulation.
    Incomparable of you take in notion the tax?

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    Quote Originally Posted by Randall View Post
    Hey Guys,

    Is anyone seeing real success in Italy. I have found conversions in the market really low and the player value post regulation is incomparable to the value prior to regulation.
    It's a good geo with quality players, was very good in 2017 but this year the competition is much more harder

  10. #8
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    Quote Originally Posted by Randall View Post
    Hey Guys,

    Is anyone seeing real success in Italy. I have found conversions in the market really low and the player value post regulation is incomparable to the value prior to regulation.
    Yes, Italy is bad.

    I agree for a brief moment in 2017 was moderately good with bet365. One can only speculate why, but definitely it is not a market where a non_italian like me want to have core of business.
    If you talk to God, you are praying; If God talks to you, you have schizophrenia.

  11. #9
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    were required to pay a one-off application fee of €200,000. The ADM has thus collected €16 million from the process.
    So €16 million sounds nothing bad just for receiving the applications right? Shared liquidity already showing some profits to the restricted markets
    Rakeback and professional services for poker players - https://worldpokerdeals.com

  12. #10
    bigdogsportspicks is offline Private Member
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    200k just application fee - Nice business model.

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