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EGBA concern at reported size of online gambling black market in Italy
According to a recent report by La Gazzetta dello Sport, the value of bets placed by Italian gamblers on the black market is estimated to be a staggering €25 billion per year, with €18.5 billion of this amount, or 75%, spent on unlicensed gambling websites.
Based on these figures, EGBA estimates that nearly €1 billion in online gross gaming revenue in Italy is lost to black market websites annually, equivalent to the combined regulated online gambling revenue of 8 other EU countries. What is concerning is that it means many Italian players will be betting on websites that are based outside of the EU, which do not offer them even a basic level of consumer protection.
Italy’s Customs and Monopolies Agency (ADM) has already taken action by blocking over 9800 unlicensed gambling websites this year alone. This number is already 400 more than the total blocked in 2022, highlighting the increasing scale of the problem.
The protection of customers is a key priority for EGBA and it stands against gambling websites that target the EU market but operate outside EU law and fail to provide necessary consumer safeguards for Europeans. It is crucial that the Italian authorities do more to raise awareness among Italian gamblers about the risks associated with using unlicensed platforms based outside the EU, and to signpost the licensed operators who adhere to the regulated responsible gambling practices and regulations in the country.
“The significant size of Italy’s online black market is concerning, yet it is not surprising given that Italy has one of Europe’s strictest advertising regimes for its licensed gambling companies. The country’s ban on advertising for licensed gambling operators is clearly favouring the black market. Without a sufficient level of advertising, there is no real way for Italians to tell the difference between a gambling website which is licensed in Italy – and applies the country’s consumer protection rules – and one that is not. It is evident that enforcement action against black market operators is not sufficient, and that the government needs to revise its advertising rules for gambling to ensure Italian citizens can be well-informed about the licensed websites in the country.” – Maarten Haijer, Secretary General, EGBA.
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Hacksaw Gaming enters US market with hosting solutions from Internet Vikings
Internet Vikings, a leading licensed in-state hosting provider, announces a new partnership with Hacksaw Gaming, an online games provider who specialized in premium quality slots, scratchcards, and instant win games. This collaboration marks a significant milestone for European based Hacksaw Gaming as it enters the U.S. market, starting with expansion into New Jersey and West Virginia.
As the U.S. online gaming sector continues to develop, expanding into the territory is taking top priority industry wide. The top states targeted for expansion are New Jersey and West Virginia — presenting unique opportunities within the market. With a strategic focus on delivering innovative gaming experiences, Hacksaw Gaming, supported by Internet Vikings' hosting solutions, aims to tap into this potential.
Hacksaw Gaming's decision to choose Internet Vikings as their trusted hosting partner is grounded in the regulatory understanding and commitment to providing tailored solutions displayed. The partnership was demonstrating due to the positive experiences Hacksaw had during the setup process, and the competitive pricing for the specified requirements. Additionally, Internet Vikings recently secured a secondary data center in West Virginia, solidifying the hosting providers commitment to backup and disaster recovery measures within the state, providing crucial redundancy in this key market.
?Internet Vikings provides Hacksaw Gaming with dedicated servers in each of the states they operate in. This collaboration ensures Hacksaw Gaming's online gaming offerings achieve top-tier performance.
"It’s great to join forces with Hacksaw Gaming in the U.S. market. Our dedication to providing high-performance hosting solutions and personalized support aligns seamlessly with Hacksaw's vision for success," commented Rickard Vikström, CEO of Internet Vikings.
For Hacksaw Gaming, the partnership with Internet Vikings represents a strategic move to leverage the expertise and reliability of a hosting provider with a proven track record in the industry. "Internet Vikings has demonstrated a level of support and accessibility that exceeded our expectations. We are confident that this partnership will play a crucial role in our U.S. operations," said Marcus Cordes, CEO of Hacksaw Gaming.
The collaboration between Internet Vikings and Hacksaw Gaming is poised to bring a new level of innovation and reliability to the online gaming experience in the U.S. As both companies continue to grow together, they are set to make an impact on the competitive environment of the online gaming industry.
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