Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

UPDATE 1-Italy's antitrust probes betting firm Sisal

Published 07/28/2009, 12:34 PM
Updated 07/28/2009, 12:48 PM
GTCH
-
TTEF
-

* Probe concerns Superenalotto game

* Sisal says game follows regulator's procedures

* Says will give regulator all requested info

(Adds Sisal comment, background)

ROME, July 28 (Reuters) - Italy's antitrust watchdog said on Tuesday it was opening a probe into gaming operator Sisal, a smaller competitor of Lottomatica SpA, on suspicion of abuse of market dominance in its Superenalotto game.

Sisal, which is not bourse-listed, has seen a boom in its Superenalotto game as the top prize has climbed to more than 100 million euros ($143 million) and one analyst has said this success could result in more players switching from Lottomatica's Lotto game.

The antitrust authority said in a statement that Sisal was suspected of stopping competitors from getting online to seek clients among Superenalotto players.

Sisal said in a statement that the online inflow of bets for the game was being organised according to its concession and in accordance with procedures set out by the requlator.

Sisal said it would give the antitrust authority all the documents and information it requested.

Online betting in Italy was 1.8 billion euros in the first half of the year, according to the AAMS data. There was no contribution from Superenalotto.

Total bets in the same period were 26.3 billion euros. ($1=.7004 Euro) (Additional reporting by Nigel Tutt; editing by Karen Foster)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.