TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Submit Italian bookmakers face cruel summer as ADM sanctions shop closures July 27, 2020 Share StumbleUpon Related Articles Share CT Gaming bolsters Italian profile with The Betting Coach August 27, 2020 Massimo Temperelli – Sisal SPAThis May was a breakthrough month for the Italian betting sector as a reported GGR of €134 million (+45% on 2018 figures) was generated by its betting incumbents.Driven by strong football betting on Serie A’s closing schedule, and the UEFA Champions League Final, a total turnover of €1 billion was reported across retail and online betting verticals.Some good news for Italian bookmakers, sees the market allow for the introduction of ‘complementary betting offers’, strengthening bookmakers customer propositions for marketing and retention proposes.Backed with new customer engagements, Italian bookmakers are working hard to ensure momentum is continued throughout the summer months, creating unique customer offers for the FIFA Women’s World Cup and CONMEBOL Copa America tournaments.Speaking to AgiproNews, Massimo Temperelli, Sports Betting Director at Sisal SPA, confirmed the introduction of ‘complementary offers’, as the market’s main driver:“It has been a key factor, as confirmed by the successful “On-demand” initiative, even one and a half years after its launch. We continue to receive from 40 up to 50 requests from gamblers every day, succeeding on “satisfying more than 80% of them” Temperelli details.“The complementary betting offer – introduced a few years ago – contributed to the growth of the regulated market, while reducing the illegal operators market share. The Italian betting industry has been therefore modernized, making it closer to the English way.”At a regulatory level, Italian stakeholders now await for the implementation of the Dignity Decree and its new rules on gambling, which have been formally approved by the Minister of Economy Giovanni Tria.The Lega-5Star coalition government maintains that it can generate ‘constant tax revenues’ of €300 million (+10%) with the new industry framework it has sanctioned.Despite well-documented criticisms of the Decree’s tough mandate on gambling, the Decree’s approval will allow for Italian bookmakers to finally process long-awaited ‘cash-out’ functionalities within the coming months.The introduction of ‘cash-out’ is seen as major advancement for Italian betting, whose leadership has urged successive governments to push for expanded policies on in-play and Asian handicap provisions.Changes to Italian customer betting provisions were meant to be implemented in early 2018, however, Italy has persisted with an undefined agenda on customer offers… Moving forward, all stakeholders will be keeping a close eye on whether bookmakers can maintain their positive ‘May momentum’_________________Content Provided by AgiproNews Italia.
Newly appointed and confirmed Youth & Sports Minister Saah Charles N’Tow wants an excellent cooperation with presidents and secretary generals of sporting associations and federations for the promotion and development of sports in the country, according to Deputy Sports Minister Henry B. Yonton, Jr. Deputy Minister Yonton said the Minister believes that an excellent cooperation with stakeholders would help him keep his eyes on the purpose, and be a lamp unto his feet.The Deputy Sports Minister told the Daily Observer yesterday at the Youth and Sports Ministry after the end of a formal acquaintance meeting between the associations’ officials and the new minister.Official introductions between the associations’ officials and minister went as planned, followed by the Minister’s statement and interactive discussions.Accordingly, Minister N’Tow challenged presidents of the various associations and federations to prioritize the development of the youths with regular leagues.Minister N’Tow replaced reassigned Youth and Sports Minister Lenn Eugene Nagbe, who is now Minister for Information, Culture and Tourism.Deputy Minister Yonton said the Sports Department also assured the sporting associations and federations of their continued support.The Minister announced that staff member has been appointed as a Focal Person on each of the sporting associations and federations to supervise and monitor performance. Yonton indicated that the Ministry will continue to provide subsidy as a way to support sporting associations and federations.The Youth and Sports Ministry is the political governing body of sports and youth in the country.Meanwhile, some stakeholders who begged for anonymity said during yesterday’s meeting they also discussed “cut in their allotment.”They said besides football and basketball, whose allotments are US$250,000 and US$50,000 respectively, the remaining sporting associations, receive from US$4,000 to US$2,000.They stated that in spite of their “little allotment” some of them don’t receive their full allotment, blaming the Ministry of Finance & Development Planning.They however, appealed to Minister N’Tow for increment in the annual allotment to at least US$5,000. Some of the sporting associations in the country include: football, athletics, basketball, golf, table tennis, lawn tennis, kickball, karate, handball, boxing, taekwondo, kick boxing, canoe and rowing, netball, cricket, chess, netball, wushu, wrestling, weight lifting, amongst others.The National Olympics Committee, Inter-High Sports Association, the YMCA are amongst some who also receive subsidy from the Government.The Sports Department of the Ministry of Youth and Sports is also responsible to provide funding for training and travelling of all national teams of associations and their athletes, including the organization of the National County Sports Meet, the Intra Governmental Tournament and the Up-Country Basketball Tournament.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)