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Sportsbook

Newgioco Records 96% YTD Increase in Online Poker Betting and Gains Market Share

Friday 30 de November 2018 / 14:06

2 minutos de lectura

(New York).- Newgioco Group, Inc. ("Newgioco" or the "Company") (OTCQB:NWGI), a company providing regulated online and land-based gaming and wagering through licensed subsidiaries in Italy and Austria, and headquartered in Toronto, Canada, is pleased to report that leading gambling, betting, and gaming news agency AGIMEG - Agenzia Giornalistica sul Mercato del Gioco ("AGIMEG") shows a surge in Newgioco online poker betting turnover resulting in significantly improved market share.

Newgioco Records 96% YTD Increase in Online Poker Betting and Gains Market Share

Strong online poker turnover and market share growth
Newgioco Group, through its wholly owned subsidiary Multigioco S.R.L ("Multigioco"), continues its accelerating growth trend in fiscal year 2018 with online poker betting in Italy gaining significant ground. Multigioco reported online poker turnover growing by 96% since January 2018. AGIMEG also reports that Multigioco has increased its market share to 4.17% in October 2018 (from 2.4% in July 2018).




"Newgioco Group has made considerable progress since announcing the online poker strategy in December 2017, among the numerous highlights we recently announced, the company has signed several additional retail locations, significantly strengthened its roll out plan in the rapidly developing U.S. sports betting market, filled key executive and board positions and more than doubled its betting handle. The online poker strategy has performed extremely well with our subsidiary Multigioco now ranked 6th in poker betting turnover in the Italian gaming market," stated Michele Ciavarella, CEO of Newgioco. "In addition, our powerful ELYS betting platform continues to attract a considerable number of new operators throughout Italy and has consistently delivered outstanding financial and operational results. We are quite confident that the steady expansion of Newgioco's sports betting business in Italy and the entry in the U.S. market will reflect in our continued revenue growth and strong shareholder value."


















































































































OPERATORS



MARKET SHARE



RANKING



POKERSTARS



37.84%



1



SKS365



7.01%



2



LOTTOMATICA



6.68%



3



SISAL



6.72%



4



SNAI



5.86%



5



MULTIGIOCO



4.17%



6



888



3.47%



7



EUROBET



3.20%



8



MICROGAME



3.12%



9



BETALAND



2.89%



10



BWIN



2.64%



11



BGAME



2.11%



12



STANLEYBET



1.89%



13



GOLDBET / INTRALOT



1.81%



14



ADMIRAL



1.47%



15



GRUPPO VINCITU'



1.36%



16



BETTING



0.90%



17



BET365



0.81%



18



E-PLAY24



0.81%



19



DOMUSBET



0.64%



20






Source: Agimeg processing on ADM (Agenzia delle Dogane e dei Monopoli) data – October 2018


Categoría:Sportsbook

Tags: betting software, Sports Betting, Sports Gaming , Sportsbook , Newgioco,

País: United States

Event

SBC SUMMIT RIO 2024

05 de March 2024

Andre Gelfi explains the new regulation in the Brazilian gaming and betting market

(Rio de Janeiro, SoloAzar Exclusive).- The Managing Partner of Betsson group in Brazil, Andre Gelfi, was another key figure present at the inaugural SBC Summit Rio. In this exclusive interview with SoloAzar, he shared insights about the gaming and betting market in Brazil. Gelfi emphasized the hot topic of Brazilian regulations for the iGaming industry. In fact, he expressed his anticipation that the regulation, expected to be approved this year, will create a new landscape in the Brazilian market

Wednesday 27 Mar 2024 / 12:00

Influencers: "Between Effectiveness and Responsibility in the Gaming Industry".

(Rio de Janeiro, SoloAzar Exclusive) - As part of the Conference "Influencers: The Next Frontier of Social Media Marketing", as part of the Conference Agenda held on 6 and 7 March at the SBC Summit Rio 2024, leading industry personalities gathered in a panel to discuss the impact of the power of celebrities and influencers in generating engagement, as well as the proposed law that seeks to restrict their promotion of gambling.

Wednesday 27 Mar 2024 / 12:00

Pay4Fun: “We have ambitious expansion plans in the Brazilian market”

(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, is a key figure in the world of iGaming. His company, Pay4Fun, is a leading Brazilian online payment provider specializing in the iGaming market. During the first edition of the SBC Summit Rio, Baptista spoke exclusively with Soloazar, sharing insights about the new services that Pay4Fun will introduce to the market. He also discussed his vision for the future of iGaming in Brazil and Latin America. Another unmissable note by SoloAzar.

Wednesday 27 Mar 2024 / 12:00

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