Italian Online Casinos Performed Well In May

Year-on-year revenue increase in May was 30.3 percent

Operators in the Italian online casino market have reported outstanding results in May, according to the latest information from the Italian media agency Agimeg, which reports official figures showing that on a year-on-year basis the vertical delivered revenues up 30.3 percent at Euro 34.7 million.
The results underline continuing positive progress for online casino action in Italy, with an aggregate rise of 35.6 percent (y-o-y) over the first five months of 2016.
Lottomatica leads the online casino sectior in Italy with 12.2 percent market share, followed by Sisal (9.2 percent), William Hill (6.9 percent), Gala Coral's Eurobet (6.1 percent) and Pokerstars (5.8 percent).
The online poker vertical delivered a more mixed performance, with tournament revenue from entry fees up 7.7 percent in May at Euro 6.1 million, and up 18.6 percent in the first five months of this year at Euro 38.4 million.
However, a less encouraging picture emerged in the cash game sector, with May revenues declining 9.6 percent to Euro 5.9 million, and a similar dismal result over the first five months of 2016, where a decline of 15.7 percent was recorded.
Pokerstars continued to dominate the cash game market in May 2016 with a 47.6 percent market share, with Lottomatica trailing in second place on just 7.6 percent.
On the tournament front, Pokerstars held 72.8 percent of the Italian market in May, followed by Lottomatica (6.1 percent) and Snai (3.9 percent).
The Italian sportsbetting vertical remains the domain of Bet365, which has a strong market lead.

Online Casino News Courtesy of Infopowa