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SNAI revenues -7%, despite online growth, GamingIntelligence

Italian gaming operator SNAI has reported a 7 per cent fall in revenues to €263.8m for the first half of 2012, despite recording significant growth from the company’s VLT and online gaming operations in Italy.

 

Online gaming wagers increased to €449.3m, from €94.9m a year ago, following growth in online cash poker games, with SNAI’s market share reaching 6.1 per cent.

 

H1 Results

Euros (€) H1 2011 H1 2012
Revenues 284.8m 263.8m
Costs for Services 209.3m 196.2m
Personnel Costs 16.1m 18.0m
Other Operating Costs 18.0m 15.1m
EBITDA 41.0m 34.3m
Financial Costs 17.0m 19.4m
Income Taxes 0.2m 4.5m
Total Earnings/(Loss) for Period (7.5m) (13.3m)
Earnings Per Share (0.06) (0.09)

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Sports betting slump hinders Italian recovery, Stephen Carter at Casino Choice

Sports betting slump hinders Italian recovery, Stephen Carter at Casino Choice | Poker & eGaming News | Scoop.it

Revenue from gambling on poker, casino, bingo and sports and other products in Italy’s ringfenced online market fell 15% month-over-month during May to €57.5m, from €67.7m the previous month, due mainly to a massive fall in gross gaming revenue (GGR) from fixed-odds sports betting.

 

Hindered by a turnover tax and narrower choice of markets than those on offer from offshore sites, fixed odds sports revenue fell 56% month-over-month to €7.9m, from €18m in April. The regulator will soon allow licensed operators to offer bets on a wider range of events, as well as virtual bets and exchange betting, in an effort to boost the attractiveness of betting on regulated sites for Italian punters.

 

Casino table games – leading operators**

Lottomatica – 25.6% (25.7%)
bwin.party – 11.5% (10.7%)
Sisal – 8.5% (10%)
Snai – 8% (8.8%)
Winga – 7% (7.4%)
William Hill – 6.8% (7.7%)
(888 – 6.5%)

 

Bingo – leading operators**

bwin.party (including GiocoDigitale.it) – 25.5% (25%)
Lottomatica – 17.7% (18.2%)
Tombola – 11.1% (10.84%)
Sisal – 9.7% (10.54%)
Snai – 7.9% (7.65%)
(William Hill 1.11%)

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European Football conceal Italy’s declining betting market, GamblingCompliance

European Football conceal Italy’s declining betting market, GamblingCompliance | Poker & eGaming News | Scoop.it

Italian participation in European football ties saw Italy’s licensed bookmakers receive a welcome boost in turnover, but the Euro boost did little to staunch an overall downward trend, with the figures for the first quarter still registering a substantial year-on-year fall.

 

Double European clashes between Napoli and Chelsea, Inter and Marseille, AC Milan and Arsenal as well as the first leg of the quarter finals between AC Milan and Barcelona saw the total value of stakes on sports betting reach €376m during March — some 7 percent up on the figures from a year before — according to official data published by the gaming watchdog AAMS. However, the more balanced first quarter figures were still down by more than 12 percent. Once again fat margins helped conceal the underlying decline in betting spend for operators.

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Italian cash poker stabilises as Stars, Microgame dominate

Italian cash poker stabilises as Stars, Microgame dominate | Poker & eGaming News | Scoop.it

Italy’s cash poker market showed signs of stabilisation in May following the substantial declines of previous months, according to the latest dataset from Italian regulator AAMS.

 

Gross gaming revenue (GGR) generated by the dot.it segregated player pool in May 2012 fell less than 1% month-over-month to €18m, compared to the 26% cumulative fall during the preceding three months.

 

Italy online poker market – May 2012 (% of GGR)*

Cash games – leading rooms

PokerStars.it – 26.3% (26%)
Lottomatica/Totosi.it – 14.2% (13.5%)
Gioco Digitale.it – 6.2% (6.3%)
Snai.it – 4.4% (4.4%)
Sisal.it – 3.4% (3.8%)

 

Cash games – leading networks**

Microgame/People’s Poker Network – 26.8% (26.4%)
Playtech – (including Snai, Sisal, Titan, Eurobet, Cogetech and others) – 13.1% (14%)
bwin.party (including Ongame sites) – 12.2% (12.7%)
Gioco Online Italia – 4.6% (4.4%)

 

Tournaments – leading rooms/networks**

PokerStars.it – 37.5% (39%)
Microgame/People’s Network – 22.6% (20.4%)
bwin.party (including Ongame sites) – 15.5% (14.5%)
Playtech – (including Snai, Sisal, Titan, Eurobet, Cogetech and others) – 12.7% (12.7%)
Lottomatica/Totosi.it – 11.2% (11.7%)

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SNAI revenues hit by Q1 sports betting decline, Gaming Intelligence

Italian gaming operator SNAI has reported a 10 per cent drop in revenues to €141.0m (US$181.4m) for the first quarter of 2012, following a continued decline in sports betting.

 

Q1 Results

Euros (€) Q1 2011 Q1 2012
Revenues 157.1m 141.0m
EBITDA 33.2m 27.2m
Operating Income 17.3m 11.0m
Pre-tax Profit 9.2m 1.3m
Net Profit 6.5m 0.2m

 

As at March 31st the company had a net debt of €352.5m compared to €323.4m a year ago.

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