Tag Archives: Video Lottery Terminals
- PlanetWin365 new #2 in Italy’s online sports betting market
June 15, 2017
The SKS365 Group’s PlanetWin365 betting brand held on to second place in Italy’s online revenue charts for the second straight month. Figures compiled by Italian gaming news agency Agimeg.it show Italian-licensed online sports betting sites handling total wagers of €486.6m in the month of May, down roughly 10% from April’s...
- VLT rollout costs drag OPAP Q1 net profit down by 8.7%
June 13, 2017
Hurt by costs of rolling out a new video lottery business, Greek betting and lottery operator OPAP reported an 8.7 percent in net profit for the first quarter of 2017. The Greek-based operator said its net profit for the first three months of the year came in at €39 million...
- Lawsuit accusing Atlantic Lottery VLTs of ‘deceptive’ practices gets green light
January 5, 2017
Two video lottery terminal (VLT) users have cleared a hurdle in their legal fight against Canada's Atlantic Lottery Corporation (ALC) over practices that they claimed are deceptive, dangerous and illegal. The legal battle dates back to 20017, when lead plaintiff Douglas Babstock and Fred Small filed a lawsuit accusing ALC...
- Greek VLT rollout hits another snag as illegal gambling spikes
January 3, 2017
Greek authorities had their hands full policing unauthorized gambling operations in 2016, particularly those involving video lottery terminals (VLT). According to figures released by the Hellenic Gaming Commission (EEEP), local police raided 480 establishments suspected of running unauthorized gambling products last year, resulting in 1,513 arrests and the seizure of...
- Asked to reduce number of VLT halls, Prague city council decides to ban the lot
November 28, 2015
Councilors in the city of Prague have voted to ban gaming clubs from the capital of the Czech Republic. On Thursday, the Prague City Assembly surprised onlookers by voting to ban gaming clubs offering video lottery terminals (VLT). Prague’s mayor, Adriana Krnáčová, had originally proposed amending the city’s gambling laws...
- Stanleybet lose court fight over Italian betting license; VLT/AWP tax kicks in
January 22, 2015
Liverpool-based betting operator Stanleybet has lost its court challenge of Italy’s right to issue betting licenses of shorter durations than those previously issued. The brouhaha began in mid-2012 after Italy decided to issue licenses for 2k new betting shops but stipulated that these licenses would be valid for a 40-month...
Italy’s online gambling market now second largest in Europe
April 12, 2017